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Unilever Negotiates Multibillion-Dollar Food Unit Sale to McCormick
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Unilever in Talks to Sell Food Division to McCormick in Multibillion-Dollar Deal
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Storyboard
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22-03-2026, 11:01
Unilever in Talks to Sell Food Division to McCormick in Multibillion-Dollar Deal
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Unilever is in discussions to sell its food division, including brands like Marmite and Knorr, to US-based McCormick.
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The potential multibillion-dollar deal aligns with Unilever's strategic shift towards beauty and personal care categories.
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Analysts estimate Unilever's food division valuation between $36 billion and $37 billion; McCormick may use stock and cash.
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The sale could be structured as a Reverse Morris Trust for tax efficiency, with Unilever potentially retaining a minority stake.
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The proposed transaction faces shareholder pressure, employee concerns, and political scrutiny over selling iconic brands.
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