McCormick's 2006 Annual Report Has Scent of Nutmeg
26 Febrero 2007 - 3:46PM
PR Newswire (US)
SPARKS, Md., Feb. 26 /PRNewswire-FirstCall/ -- Nearly thirty years
ago McCormick & Company took a novel approach to make its
annual report rise above the rest of the thousands of annual
reports produced each year. The world's largest spice company came
up with the offbeat idea to scent its annual report with an aroma
from one of the many exotic spices it sells around the world. Over
the years, investors have easily found their McCormick annual
report by following the smell of spices such as cinnamon, clove and
Chinese five spice. The 2006 annual report is now being mailed to
investors, and they will find that the appetizing financial results
from the past year will be complemented by the scent of nutmeg.
Nutmeg is the dried, aromatic seed of the fruit of the nutmeg tree,
myristica fragans. Piney and citrus-like flavors combine with sweet
and bitter tastes to provide nutmeg's distinctive flavor. Nutmeg is
grown in Indonesia and the East and West Indies. For many years,
Grenada was a chief grower of nutmeg, producing a third of the
world's supply. Hurricane Ivan in 2004 devastated the nutmeg crop
on Grenada, and efforts are underway to revive it. Commonly used in
sweet foods and to enhance savory foods, nutmeg was a highly
valuable commodity in the 16th century. Over the years, it has been
prized as a tonic with alleged restorative powers, as an ingredient
in snuff, for digestive disorders and even as a cure for The
Plague. Joyce Brooks, Assistant Treasurer-Financial Services for
McCormick, said that the scent of nutmeg was applied by a Baltimore
area firm, Schmitz Press, after the printing was completed. The
scent is contained in a varnish-like substance the color and
consistency of honey which is rolled over the pages after the ink
dries. The financial news for investors was positive as the report
details record-setting results in which the company met or exceeded
key financial goals for the year. The report also gives a
comprehensive look at the global business of McCormick, key
initiatives underway to drive future growth and a special feature
on the 75th anniversary of the company's legendary Multiple
Management Board employee development philosophy. McCormick is the
global leader in the manufacture, marketing and distribution of
spices, herbs, seasonings and other flavors to the entire food
industry. Customers range from retail outlets and foodservice
providers to food manufacturers. Founded in 1889 in Baltimore,
McCormick is known as Club House in Canada, Schwartz in the United
Kingdom and Ducros in France and other parts of Europe. It has
approximately 7,500 employees around the world. For more
information about the company and 2006 results, visit
http://www.mccormick.com/. DATASOURCE: McCormick & Company,
Incorporated CONTACT: McCormick & Company Corporate
Communications, 410-771-7110 Web site: http://www.mccormick.com/
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