McCormick in the news after Unilever sells its food business to the spice giant, expanding its global flavor empire. Background: U.S. spice maker since 1889.
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.