AcquisitionsApr 6, 2026, 10:23 AM
McCormick to Acquire Unilever Foods Business in Exchange for Cash and Other Assets
AI Summary
McCormick & Company has entered into definitive agreements with Unilever to acquire its foods business. The agreement involves Unilever transferring its foods business to SpinCo, followed by McCormick acquiring certain assets related to Unilever Foods in exchange for cash payments and other assets.
Key Highlights
- McCormick entered into definitive agreements with Unilever on March 31, 2026.
- The acquisition involves Unilever's foods business being transferred to SpinCo.
- McCormick will acquire certain assets related to Unilever Foods in exchange for cash payments.