10:05 AM EST, 12/17/2024 (MT Newswires) -- (Updates with McCormick's ( MKC ) response in the fourth paragraph.)

McCormick ( MKC ) is reportedly in discussions to acquire Sauer Brands, the owner of Duke's mayonnaise, from Falfurrias Capital Partners, Bloomberg reported Tuesday, citing people with knowledge of the matter.

The potential deal could value Sauer Brands at over $1 billion, one of the cited sources said.

No agreement has been finalized, with the possibility of other buyers emerging, according to the report.

A McCormick ( MKC ) spokesperson said the company "doesn't comment on rumors and speculation" while Falfurrias Capital Partners did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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