McCormick & Co.
posted a jump in third-quarter profit, helped by a gain from the sale of its packaging business.
The maker of spices and seasonings said its income rose to $51.3 million, or 37 cents a share, from $35.2 million, or 25 cents a share, a year earlier.
McCormick said sales rose to $557.6 million from $477.3 million a year earlier.
The earnings included a $1.3 million charge related to the consolidation of facilities in Canada.
Robert J. Lawless, chairman, president and chief executive, said, "In the third quarter, we acquired Zatarain's. ... We also completed the sale of two significant businesses that were nonstrategic for the company. We recorded a net gain on these sales, and the proceeds were used to pay down debt associated with the acquisition of Zatarain's."