McCormick to Merge With Unilever Food Unit, Creating Nearly $20 Billion Company
Updated
Updated · The Motley Fool · Jun 6
McCormick to Merge With Unilever Food Unit, Creating Nearly $20 Billion Company
3 articles · Updated · The Motley Fool · Jun 6
Summary
McCormick said its March 2026 deal with Unilever’s foods division would create a combined company with projected revenue approaching $20 billion, a major expansion from its roughly $13 billion scale.
Unilever is shedding food brands to focus on health and personal care, while McCormick is using the transaction to add globally distributed products such as Hellmann’s and deepen its reach in packaged foods.
The merger is expected to close in mid-2027 and would reshape McCormick from a dominant spices maker into a broader global flavor and food company.
The deal comes as McCormick shares sit about 30% to 40% below their 52-week highs, with the company still highlighting a dividend record that dates back to 1925.