Unilever has entered into an agreement to combine Unilever’s Foods business with McCormick & Company.
For Unilever, this transaction is another decisive step in sharpening our portfolio and accelerating our strategy towards higher-growth categories.
The new Unilever will be a HPC pureplay with revenues of €39 billion. We will be the second‑largest Beauty and Personal Care business in the world, the largest Home Care business in emerging markets, and we have an exciting, fast‑growing portfolio in Wellbeing.
The future is about taking Unilever onwards and upwards through a focus on organically growing our fabulous portfolio of leading and digitally native disruptive brands.
All these are fast innovation‑cycle categories, where science matters, where aesthetics and sensorials play a key role, and where our ability to capture insights and engage with consumers must become a serious competitive advantage. This is where we can inject desire at scale.
Just as importantly, the combination of Unilever Foods and McCormick will create a scaled, global flavour powerhouse with revenues of $20 billion. This partnership is built on strong strategic and cultural alignment, providing exciting opportunities for our people and ensuring our Foods brands continue to thrive as part of a focused global flavour leader.
The combined company will have a distinctive, attractive profile within the foods industry, with leading positions in growth categories. From herbs and spices to bouillons; from mayonnaise and mustard to hot sauces; both in retail and food service; both in developed and key emerging markets.
