Unilever in Advanced Talks to Combine Food Business with McCormick

In Brief

A potential merger between Unilever and McCormick could reshape the global packaged food industry and shift Unilever’s business focus.

Key Facts

• Unilever is in advanced discussions to sell or combine most of its food business with McCormick & Co.
• The deal would spin off brands such as Hellmann’s, Knorr, and Pot Noodle into a new $60 billion entity.
• Unilever would retain majority control, holding 65% of the combined food business after the transaction.
• The transaction reportedly includes $15.7 billion in cash as part of the agreement.
• A final deal announcement could come later on Tuesday, according to company statements.

What Happened

Unilever and McCormick are in advanced negotiations to combine Unilever’s food division with McCormick, potentially creating a $60 billion food company. The deal would involve major brands and a significant cash component.

Why It Matters

This transaction would create one of the world’s largest food businesses and mark a strategic shift for Unilever, which would focus more on beauty, personal care, and home products.

What's Next

A final announcement is expected later on Tuesday if talks conclude successfully. Market observers are watching for details on integration plans and regulatory review.