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    McCormick Buying Zatarain's

    HUNT VALLEY, Md. -- McCormick & Co. said today it was buying New Orleans-based Zatarain's from Citigroup Venture Capital for $180 million in cash.

    HUNT VALLEY, Md. -- McCormick & Co. said today it was buying New Orleans-based Zatarain's from Citigroup Venture Capital for $180 million in cash. McCormick agreed to buy Zatarain's for eight times its current year earnings before interest, tax, depreciation, and amortizations, or EBITA.

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