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McCormick to Acquire Unilever's Foods Division
The $45 billion deal will combine iconic brands like Hellmann's and Knorr under one roof.
Apr. 1, 2026 at 4:54pm
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McCormick & Company, a leading spice and flavorings manufacturer, announced on Tuesday that it will acquire Unilever's global foods division in a $45 billion deal. The acquisition will bring together some of the world's most recognizable food brands, including Hellmann's mayonnaise, Knorr seasonings, and other Unilever staples, under McCormick's ownership.
Why it matters
This merger represents a major consolidation in the packaged foods industry, as two of the largest players combine forces to create an even more dominant player. The deal will give McCormick greater scale and diversification, allowing it to better compete against other global food conglomerates. However, the acquisition also raises questions about potential job cuts and changes to product lineups as the companies work to integrate their operations.
The details
Under the terms of the agreement, McCormick will pay $45 billion in cash to acquire Unilever's global foods division, which includes brands like Hellmann's, Knorr, Lipton, and others. McCormick CEO Lawrence Kurzius said the deal will create 'a global leader in flavor' and allow the combined company to better serve customers worldwide. Unilever CEO Alan Jope noted that the sale will allow Unilever to focus more on its personal care and home goods businesses moving forward.
- McCormick announced the $45 billion acquisition on April 1, 2026.
- The deal is expected to close by the end of 2026, pending regulatory approval.
The players
McCormick & Company
A leading global manufacturer of spices, seasoning mixes, condiments and other flavorings, headquartered in Hunt Valley, Maryland.
Unilever
A multinational consumer goods company that owns many well-known food, personal care, and home care brands, headquartered in London, United Kingdom.
Lawrence Kurzius
The CEO of McCormick & Company.
Alan Jope
The CEO of Unilever.
What they’re saying
“This merger will create a global leader in flavor that is even better positioned to innovate, expand our portfolio, and serve our customers worldwide.”
— Lawrence Kurzius, CEO, McCormick & Company
“This sale will allow Unilever to further sharpen our portfolio and focus on our personal care, beauty and home care businesses, where we see the greatest opportunities for growth.”
— Alan Jope, CEO, Unilever
What’s next
The deal is expected to close by the end of 2026, pending regulatory approval from competition authorities in the U.S. and other major markets.
The takeaway
This acquisition represents a major shift in the global food industry, as two of the largest players combine forces to create an even more dominant player. While the deal promises operational efficiencies and growth opportunities, it also raises concerns about potential job losses and changes to product lineups as the companies work to integrate their businesses.
