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...


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