Activist Toms Capital Takes Stake in McCormick After Deal (1)

Toms Capital Investment Management has acquired a stake in spice maker McCormick & Co., according to a person familiar with the matter.

The size and purpose of the activist investor’s stake was not immediately clear, the person said.

Toms Capital, a New York-based activist investor, last year pushed for strategic changes at Tylenol producer Kenvue Inc. and built a stake in Target Corp. It’s also been agitating for a potential sale at Voya Financial Inc. Reuters, which first reported the Toms Capital news, said the firm took a “significant” stake in the second quarter.

In March, McCormick announced a ...