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Unilever & McCormick Join Forces to Create Flavour Giant
Unilever and McCormick & Company have announced a merger to create a global flavor powerhouse, combining Unilever’s Foods business with McCormick. This transaction, valued at approximately $44.8 billion for Unilever Foods, will result in a company with leading brands like McCormick, Knorr, and Hellmann’s, and projected revenues of $20 billion based on fiscal year 2025 data. For Unilever, the separation will position it as a pureplay HPC company with increased focus on high-growth categories, while McCormick will retain its name, headquarters, and leadership, with an international headquarters in the Netherlands.