When you combine a €50.5 billion consumer goods giant with a $7 billion spice powerhouse, you are not just shuffling brands on a grocery shelf. You are redrawing the map of global packaged food. Last year, Unilever generated €50.5 billion i...
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McCormick Lands Unilever Food Business in $45B Deal
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Subscribe01 APR 2026 / BUSINESS
Consumer goods company Unilever is merging its food business with spice specialist McCormick in a deal creating a firm worth $65-66bn. This is part of a strategic pivot by Unilever to focus on beauty, wellbeing, personal care and home care products, with the conglomerate retaining a 65% equity stake in the new joint venture while receiving about $15.7bn to fund share buybacks and possible future acquisitions in its new focus areas.
When you combine a €50.5 billion consumer goods giant with a $7 billion spice powerhouse, you are not just shuffling brands on a grocery shelf. You are redrawing the map of global packaged food. Last year, Unilever generated €50.5 billion i...
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