Last mentioned: Mar 25, 2026
McCormick Confirmation
Unilever officially confirms it is in discussions with McCormick & Co. for the sale of its food assets.
Market Reaction
Shares of both companies trade actively as investors weigh the strategic benefits of the potential divestiture.
Kraft Heinz Rumors
Reports emerge that Unilever held preliminary talks with Kraft Heinz regarding a food business merger.
Unilever is reportedly considering a strategic separation of its core food division to merge it with spice giant McCormick. This move follows the company's previous decision to divest its ice cream unit as CEO Hein Schumacher accelerates a portfolio overhaul to drive growth.
Unilever is reportedly considering a major restructuring by spinning off its food business to merge it with McCormick & Company. This move would create a global flavor and food giant while allowing Unilever to focus on its high-growth personal care and home care segments.
Unilever Plc has confirmed it is in active discussions to divest its global food business to McCormick & Co., a move that would include the sale of the multi-billion dollar Hellmann's brand. The potential transaction signals a definitive pivot for Unilever toward its high-margin beauty and personal care segments.