McCormick and Unilever's foods division confirmed a merger creating a $29.1B combined entity with $20B in 2025 revenue and $600M in targeted cost savings. Unilever and its shareholders will hold 65% while McCormick shareholders retain 35%, with Unilever receiving $15.7B in cash. The deal closes by mid-2027 and supports Unilever's pivot toward beauty and wellness.
