US spice manufacturer  McCormick & Co.has bought a minority stake in Indian spice and seasoning business in Indian firm Eastern Condiments. McCormick announced that it had paid around US$35m to buy 26% stake in Eastern Condiments.

Mr.Alan Wilson, President and CEO of McCormick said: "This partnership is an important opportunity for McCormick to participate in the rapid growth of the India food market as consumers seek high-quality, more convenient packaged foods."

Eastern, which generated sales of $67m in the year to the end of March, is one of India's few "national" spice brands. The company said teaming up with McCormick would it help expand further outside India. The business already exports to 15 markets.

Source: just-fod.com