McCormick combines with Unilever’s food division

On 2026-04-01, McCormick announced it was combining with Unilever’s food division, including brands such as Hellmann’s and Knorr. The combined company would keep the McCormick name, with Unilever and its shareholders expected to own 65% and receive $15.7 billion in cash. The deal implies about $29.1 billion in equity value and roughly $20 billion in combined revenue.