June 28/Sparks, Md./Business Wire -- McCormick & Company Incorporated has signed an agreement to purchase 100% of the shares of Kamis S.A., a privately held company based in Poland with distribution into Russia and other parts of Central and Eastern Europe. The completion of the agreement is expected to occur by September 2011 subject to regulatory approval.
Kamis is a brand leader in spices, seasonings, mustards and other flavor products in Poland. Annual sales of the business are approximately 300 million Polish zloty (approximately $105 million). McCormick has agreed to acquire the company for approximately 830 million Polish zloty (approximately $291 million).