Unilever and McCormick merge in 65 billion dollar food deal
Unilever will merge its food unit with McCormick to create a 65 billion dollar company. The deal includes a 15.7 billion dollar cash payment to Unilever.
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Unilever PLC and McCormick & Company, Incorporated have announced a merger of their food operations in a transaction valued at approximately $65 billion. This deal, representing the second-largest food sector transaction in history, marks a major strategic pivot for CEO Fernando Fernandez, who assumed leadership in March 2025. The move follows the company's recent divestiture of its multi-billion euro ice cream business, which included iconic brands such as Ben & Jerry’s and Magnum.
