McCormick is buying Unilever’s food business, creating a giant spice empire. Known for spices, seasonings, and flavorings worldwide.
Unilever plans to merge its food division with McCormick in a $15.7 billion cash and equity deal, creating a global flavor powerhouse. The transaction, expected to close by mid-2027, will see Unilever's shareholders owning 55% of the new entity, marking a significant shift in its strategic focus.