Free Republic

A post made by Sen. Elizabeth Warren, D-Mass., this week quickly became a punchline online after she warned that a proposed $45 billion deal bringing some of America’s best-known condiment and food brands under one roof could drive up grocery prices even further. The merger would combine McCormick brands such as Cholula and Frank’s RedHot with Unilever Foods products including Hellmann’s and Knorr. Warren argues the deal could weaken competition and leave shoppers with fewer choices. Users online joked about Warren cautioning against "Big Condiment." "One company could soon control them all," Warren said of four popular condiments. "I have...

McCormick is adding a bit more spice to its portfolio with hot sauce Cholula. The company is acquiring the brand from L Catterton, the private equity firm, in an $800 million cash deal, it said Tuesday. It expects to close the deal this year. The hot sauce market has been growing steadily. US sales of hot sauce grew an average of 9.7% every year for the past four years, according to Nielsen. The category got a boost during the pandemic: In the twelve months ending on November 7, sales surged by 24.6%. With the purchase of Cholula, McCormick (MKC) is...

(Newser) – When Hernan Cortez and his Spanish army marched into Cholula in present-day Mexico nearly 500 years ago, they were greeted by a peaceful people prone to building pyramids instead of stockpiles of weapons. Those people and their pyramids fell, and fast, with 10% of the local population murdered in a day as their pyramids were torched into oblivion. But as legend has it, one mud-brick pyramid was hidden, perhaps accidentally by vegetation, and was for centuries mistaken for a mountain, until locals began to construct an insane asylum in 1910. That's when they discovered the largest monument ever...