Unilever eyes split of food unit to merge with McCormick in all-stock deal
Unilever is reportedly separating its food business to merge it with McCormick in an all-stock deal that could be announced within weeks, potentially bringing brands like Hellmann’s mayonnaise and Cholula hot sauce under one roof; Reuters could not immediately verify the report. The move fits a broader plan to streamline Unilever’s portfolio amid weak food demand, while McCormick’s market value is around $14.5 billion and Unilever’s around $134 billion.