McCormick & Company, Inc., a global leader in flavor, is set to acquire remaining 15% equity ownership in Kohinoor Speciality Foods India Pvt. Ltd. (KSF), i.e. ‘Kohinoor’ branded Basmati Rice business in India, from Kohinoor Foods Ltd. (KFL), thus becoming 100% owner to Indian business of ‘Kohinoor’ branded basmati rice, one of the country’s best basmati rice brand. Earlier in September 2011, McCormick purchased the ‘Kohinoor’ brand and other trademarks along with 85% ownership in KSF. McCormick has invested over $150 million in India since 1994 through four ventures which employs over 2000 people. The company’s two joint ventures in South India are equipped with the latest processing technologies and produce high-quality spices products. As a key emerging market, India presents exciting growth opportunities for McCormick. We have invested in India continuously for over two decades and are deeply committed to the ‘Kohinoor’ brand in this market.