In a medium saucepan, stir together all ingredients. Heat to boiling. Reduce heat and boil gently, uncovered, for about 20 minutes or until slightly thickened and reduced to about 2 cups.
Brush over ribs or chicken during the last 10 to 15 minutes of grilling. Or mix with cooked ground meat for sloppy Joes or serve with meatballs. Makes 2 cups sauce.