McCormick to Merge with Unilever Foods; Q2 Net Sales Up 16.7%

McCormick announced a pending merger with Unilever Foods business, a transformative deal expected to create a global flavor leader. Under the terms, Unilever shareholders will own approximately 55.1% of the combined company, and Unilever will receive a $15.7 billion cash payment, for which McCormick secured a bridge facility. The company also completed the acquisition of an additional 25% interest in McCormick de Mexico for $750 million, increasing its ownership to 75%, which contributed to a significant $866.8 million gain on remeasurement. For Q2 2026, net sales rose 16.7% to $1,936.6 million, but diluted EPS decreased to $0.56 from $0.65 year-over-year, partly due to $60.0 million in special charges related to the Unilever merger. However, six-month net income attributable to McCormick surged to $1,166.3 million.