Florida-headquartered investment bank Raymond James is said to be assisting Badia Spices with the sale. The group's latest 12-month gross earnings reached around $100m, sources told Reuters.

Family-owned Badia Spices has agreed to sell a majority stake to a group of investors including a Latin American conglomerate's investment arm and the merchant bank BDT & MSD Partners, with three ...

We have a big sale running [from April 3 to 6], to try to give us a little bit of a war chest to be prepared for whatever comes. We have always been committed to keeping our prices accessible.