News
Divestment · Food Industry · McCormick · Unilever
Unilever is in advanced discussions to sell its food division to McCormick, a deal that will create a new $60 billion food giant, with Unilever shareholders expected to own approximately two-thirds of the combined entity, according to the Wall Street Journal and Reuters.
This strategic move, reported on March 30, 2026, indicates Unilever's ongoing efforts to streamline its portfolio and focus on its core personal products business, a sector where it is currently categorized. The transaction involves a significant portion of Unilever's food assets, leading to the formation of a substantial new player in the global food industry.
Unilever's stock (ULVR) saw a modest 0.37% increase in 5-day change and a 0.07% intraday change as of March 31, 2026, despite a year-to-date decline of 6.76%. The divestment to McCormick represents a major restructuring for Unilever and a significant expansion for McCormick.
