McCormick buys Unilever's food business in deal that values it at nearly $45 billion
By Amelia Lucas
Published on March 31, 2026.
McCormick has agreed to buy Unilever's food business for a combined $45 billion. The deal includes most of the company's portfolio, including Hellmann's mayo and Marmite. This acquisition will significantly increase McCormick's annual sales and expand its portfolio into spreads and condiments. The acquisition aligns with a trend of smaller companies becoming leaner as consumers buy less of their products.
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