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McCormick and Unilever's foods business just announced a spicy merger
Yahoo Finance· 2026-03-31 12:16
A spicy deal in the world of Big Food. McCormick & Company (MKC) and Unilever (UL) announced on Tuesday that they have entered into an agreement to combine McCormick with Unilever's foods business, excluding those in India. The deal values the combined company at about $65.8 billion. McCormick shares rose 3% in premarket trading. Unilever rose slightly. McCormick will get a Unilever food business performing respectably but enduring the same challenges as others in the industry, namely market softness d ...