McCormick to combine with Unilever's Foods business

Consumer Staples · United States · $65.8B (combined company valuation)

McCormick agreed to combine with Unilever's Foods business (excluding India and certain other operations) in March 2026, creating a flavor-focused company with about $20 billion in combined 2025 revenue. Unilever and its shareholders are set to receive 65% of the combined company's equity plus $15.7 billion in cash; the deal is expected to close by mid-2027.