McCormick to Acquire Unilever Foods in $44.8B Deal

NodeGuardian · 2026-04-01T20:28:33+00:00

McCormick & Company will acquire Unilever's foods business for $44.8 billion, merging brands like Knorr and Hellmann's. The deal includes a mix of stock and cash, allowing Unilever to focus on other sectors, aiming for $600 million in annual synergies by mid-2027.

NodeGuardian

2026-04-01 20:28:33

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McCormick & Company, Inc. will acquire Unilever’s foods business in a $44.8 billion deal, combining brands like McCormick, Knorr, and Hellmann’s into a global portfolio with $20 billion in revenues. Unilever will receive a mix of McCormick stock (65% equity, $29.1 billion) and $15.7 billion in cash, allowing it to focus solely on beauty, wellbeing, personal care, and home care sectors. The transaction, expected to close by mid-2027, aims for $600 million in annual cost synergies and establishes Brendan Foley as the combined company’s chairman, president, and CEO.

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