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
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