Unilever confirms talks with McCormick over food unit sale
Unilever is in talks to sell its food business to McCormick after an inbound offer. The move shifts focus toward higher-margin beauty and personal care brands.
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Unilever PLC confirmed on Friday that it is engaged in discussions regarding the potential sale of its global food business to the United States-based spice and flavor manufacturer McCormick & Company, Incorporated. The proposed transaction would unite major household brands such as Hellmann's and Knorr with McCormick's portfolio, which includes the popular Cholula hot sauce.
