Spice maker McCormick is combining with Unilever's food division

Associated Press

Tue, March 31, 2026 astatine 7:17 AM CDT 1 min read

NEW YORK (AP) — Spice and flavorings institution McCormick announced connected Tuesday that it’s combining with Unilever’s foods division, which includes household names similar Hellmann’s and Knorr.

The combined institution volition support McCormick’s sanction and leadership. But upon closing, Unilever shareholders are inactive expected to ain 55.1% of the nutrient company, arsenic good arsenic 9.9% successful outstanding equity, portion McCormick shareholders volition ain 35.0%.

Unilever and McCormick confirmed they were successful talks astir a woody past month, with Unilever attempting to streamline its concern and absorption connected quality and idiosyncratic attraction products.

McCormick and its red-capped array of spices is simply a $15 cardinal institution and the unchangeable of brands it’s adding from Unilever are worthy billions more.

The transaction announced Tuesday excludes Unilever’s nutrient concern successful India, Nepal and Portugal.

McCormick CEO Brendan Foley said successful a prepared connection that the woody “accelerates McCormick’s strategy and reinforces our continued absorption connected flavor.” He added that McCormick has “long admired Unilever’s foods business, which has a “portfolio that complements our existing business, capabilities and semipermanent vision.”

Shares of some companies roseate somewhat earlier the opening doorbell Tuesday.