Topic - L Catteron

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Associated Press

This Tuesday Nov. 24, 2020 photo shows a bottle of Cholula Hot Sauce. Spice maker McCormick &amp; Co. is buying the parent of Cholula Hot Sauce from private-equity firm L Catteron for $800 million, expanding its reach in the hot sauce category. That deal included French’s mustard and Frank’s RedHot brands. The company views the addition of Cholula as a way to appeal to millennials, a group that has a particular liking for the hot sauce. (AP Photo/Charles Sheehan)

Americans turn up heat and Cholula sells for $800 million

By MICHELLE CHAPMAN - Associated Press