McCormick set to buy Unilever Foods, adding Hellmann's, Knorr and more to portfolio [Yahoo! Finance]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
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Source: Yahoo! Finance
In separate announcements Tuesday, the two companies said they had entered into an agreement "to combine McCormick with Unilever's Foods business," creating "a global flavor leader in attractive and high-growth categories." The transaction, which Unilever said was unanimously approved by both companies' boards of directors, will create "two focused, faster-growing businesses -- better aligned to its categories, capabilities and value creation model." Unilever Foods - PHOTO: Unilever Foods will combine with McCormick, the companies have announced. Unilever Foods includes household name products like seasoning and cooking aid brand Knorr, condiment giant Hellmann's -- which is one of the world's leading mayonnaise brands -- as well as other local brands from across the globe. McCormick's portfolio includes McCormick, French's, Frank's RedHot, Cholula, Stubb's, Old Bay, Lawry's and more. The new joint company will keep McCormick's name and will be led by the McCormick CEO and
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News
- Unilever PLC (UL) Shareholder/Analyst Call Transcript [Seeking Alpha]Seeking Alpha
- Unilever Combines Food Business With McCormick in $44.8 Billion Deal [Yahoo! Finance]Yahoo! Finance
- In a $45 Billion Deal, McCormick Is Buying Unilever's Food Business. Is This a Good Strategic Move for the Spice Giant? [Yahoo! Finance]Yahoo! Finance
- A complicated exit: RBC wary of Unilever's food reshuffle [Yahoo! Finance]Yahoo! Finance
- McCormick & Company, Incorporated (MKC) Q1 2026 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
UL
Sec Filings
- 3/31/26 - Form 425
- 3/31/26 - Form 425
- 3/31/26 - Form 425
- UL's page on the SEC website