McCormick Is Said in Talks to Buy Duke’s Mayo Owner Sauer Brands

McCormick & Co. is in talks to acquire Sauer Brands Inc. from Falfurrias Capital Partners, according to people with knowledge of the matter.

A transaction could value the company, best known for its Duke’s mayonnaise brand, at more than $1 billion, said one of the people, who asked not to be identified because the discussions are confidential. An agreement hasn’t been reached and talks could still end without one, or another buyer could emerge.

Duke’s Mayonnaise.

Photographer: Michael Tercha/Chicago Tribune/Getty Images

A spokesperson for McCormick said the company doesn’t comment on rumors and speculation. A representative for Falfurrias declined to comment.

Charlotte, North Carolina-based Falfurrias ...