McCormick to Acquire Majority Stake in Unilever Pakistan Foods

Key Facts

1US-based spice manufacturer McCormick announced its intention to acquire a majority stake in Unilever Pakistan Foods.

US-based spice manufacturer McCormick announced its intention to acquire a majority stake in Unilever Pakistan Foods. Benzinga reported that the move represents a strategic expansion for McCormick into the Pakistani food and spice market through an established local entity.

MKC closed at $48.71 on October 22, 2026, while UL closed at $67 on the same date. The acquisition is aimed at strengthening McCormick's international footprint by leveraging Unilever PLC's existing regional operations.