The Sparks-based spice maker said that it agreed to pay Unilever PLC $605 million in cash for the Lawry's business, about four times Lawry's annual sales of $150 million. The sale includes inventory but not manufacturing operations. The deal, which is subject to federal regulatory approval, should immediately contribute to earnings when it closes in 2008, McCormick, said.

McCormick chief executive officer Robert J. Lawless said the product lines will be manufactured in Hunt Valley, Md., which could yield new jobs if McCormick is successful in expanding the brands.