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StocksMediumUpdated×4•Originally published 19 March 2026•Updated 20 March 2026•

1 min read

Unilever in Talks to Merge Food Division with McCormick in All-Stock Deal

Icy Unilever headquarters with gears and clocks on a world map background. Signs read 'HIRING PAUSED' and 'FROZEN'. People work at computers below.

Key Facts

1Unilever is in talks to separate its food business and combine it with McCormick.

3 months ago

Version History

6 additional sources confirmed this story

Version 43 months ago

What changed: The story was updated to include financial context on McCormick's annual sales scale ($6.8 billion) and its successful strategic history of brand acquisitions and integration.

Version 33 months ago

What changed: Updated to include the Wall Street Journal as the initial source, official confirmation from both companies on Friday, and a clarification that negotiations are still ongoing without a final agreement.

Version 23 months ago

What changed: Added stock price reactions, Goldman Sachs' preference for a trade sale structure, and strategic context regarding the CEO's ongoing turnaround plan.

Version 13 months ago

What changed: The story moved from speculative media reports to official corporate confirmation by Unilever, which also clarified that the discussions followed an inbound offer.

Unilever (LSE:ULVR) and McCormick & Company (NYSE:MKC) have officially confirmed they are in active merger talks for Unilever's food division, sending Unilever shares up 2% in premarket trading. The potential deal aligns with CEO Fernando Fernandez’s strategic plan to simplify the company’s portfolio and prioritize high-growth categories. McCormick, which currently generates approximately $6.8 billion in annual sales, brings a decade-long track record of successful acquisitions, including brands like Frank's RedHot, French's, and Cholula. These previously acquired brands now account for a significant portion of McCormick's current sales growth, framing the Unilever deal as a continuation of its long-term expansion strategy. While Goldman Sachs analysts expressed a preference for a direct trade sale to avoid legal complexities, both companies cautioned that negotiations remain ongoing. Investors are closely monitoring the situation as the consolidation could significantly reshape the global consumer staples landscape.