McCormick & Company to Combine with Unilever’s Foods Business in ~$44.8B Transaction
March 31, 2026
McCormick & Company announced an agreement to combine with Unilever’s Foods business (excluding certain markets and segments) in a transaction valued at approximately $44.8 billion. The deal will create a global, flavor-focused company with roughly $20 billion in combined 2025 revenue, with expected annual cost synergies of about $600 million within three years.
- Buyers
- McCormick & Company, Unilever
- Targets
- Unilever Foods business (excluding certain markets and segments)
- Sellers
- Unilever and its shareholders
- Industry
- Food & Beverage
- Location
- Maryland, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
McCormick & Co. to Acquire Additional 25% Stake in McCormick de Mexico JV for $750M
August 22, 2025
Food & Beverage
McCormick & Co. plans to acquire an additional 25% ownership interest in McCormick de Mexico from joint venture partner Grupo Herdez for $750 million, raising its stake to 75%. The deal is expected to create more growth opportunities in Mexico and serve as a platform for further expansion across Latin America.
-
NovaTaste Acquires McClancy Foods & Flavors
December 10, 2024
Food & Beverage
NovaTaste, a global taste-innovation company headquartered in Austria, has acquired McClancy Foods & Flavors from Dallas-based private equity firm CIC Partners. McClancy will continue to operate under its brand with the existing leadership team (including CEO Stephen Andresen) remaining in place and retaining significant ownership, while gaining access to NovaTaste's international innovation capabilities and distribution network.
-
Kroger to Acquire Albertsons in $24.6 Billion Merger
October 14, 2022
Retail
Kroger and Albertsons Companies entered into a definitive agreement for Kroger to acquire Albertsons for an estimated $24.6 billion enterprise value. The deal is expected to expand Kroger’s national footprint and omnichannel capabilities, with regulatory-driven store divestitures and the planned creation of a SpinCo prior to/at closing.
-
Amcor to Combine with Berry Global in All-Stock Transaction
February 26, 2025
Manufacturing
Amcor plc and Berry Global Group entered into a definitive all-stock merger agreement to combine their complementary packaging businesses. Shareholders of both companies approved the combination, and the transaction has received European Commission antitrust approval; closing is expected in mid-2025 (April 30, 2025 mentioned for EC clearance release).
-
Ferrero Acquires WK Kellogg Co
September 26, 2025
Food & Beverage
Ferrero completed its acquisition of WK Kellogg Co, which became a wholly owned subsidiary. The previously announced deal valued WK Kellogg at $23.00 per share in cash (total enterprise value of $3.1 billion) and supports Ferrero’s strategic growth in North America.
-
Misfits Market Acquires Imperfect Foods
September 7, 2022
Food & Beverage
Misfits Market has agreed to acquire online grocer Imperfect Foods, combining two sustainable direct-to-consumer grocery platforms to expand scale, delivery capabilities, and private-label programs. The combined business is projected to exceed $1 billion in sales and pursue profitability by early 2024, with Misfits Market CEO Abhi Ramesh leading the merged company.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.