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Agreement signedPublished 1 Apr 2026

McCormick /
SpinCo

McCormick signs deal to combine with Unilever's foods business through SpinCo

Buy side: McCormick
Buy sideMcCormick
Target: SpinCo
TargetSpinCo
McCormick & Company, Incorporated · 1 Apr 2026Source
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Buy side: McCormick
Buy sideMcCormick
Target: SpinCo
TargetSpinCo
01 / BuyerMcCormick
02 / TargetSpinCo
Source for the buyer and target: McCormick & Company, Incorporated

For the buyer and target.

“As described above, the Merger Agreement provides that, immediately following the consummation of the Distribution, Merger Sub I will merge with and into SpinCo, with SpinCo surviving as a wholly owned subsidiary of McCormick, and immediately following the consummation of the First Merger, the Surviving Corporation will merge with and into Merger Sub II, with Merger Sub II surviving as a wholly owned subsidiary of McCormick (the “Second Merger”).”

Published 1 Apr 2026

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01

What happened

On March 31, 2026, McCormick signed a merger agreement and related separation agreements with Unilever PLC. Unilever would move its foods business, called Unilever Foods, into SpinCo, which would then be merged into a McCormick subsidiary. [01]

If the deal goes through as described, Unilever shareholders would hold about 55.1% of McCormick's common stock, McCormick shareholders about 35.0%, and DutchCo about 9.9%. The deal still needs McCormick shareholder approval and regulatory clearances. A price for the transaction wasn't stated. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · McCormick & Company, Incorporated

McCormick signs deal to combine with Unilever's foods business through SpinCo

This document is the source for the companies, stage and people on this page.

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Deadline

    “McCormick signs deal to combine with Unilever's foods business through SpinCo On March 31, 2026, McCormick signed a merger agreement and related separation agreements with Unilever PLC”

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  2. Published by McCormick & Company, Incorporated

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