Unilever PLC (UL) News & EventsULUnilever PLC

McCormick to Merge with Unilever Foods, Projecting $20B Revenue in 2025

The company said, "In March 2026, the Company announced the agreement to combine McCormick with Unilever's Foods business, excluding India and other excluded businesses to create a preeminent global flavor-focused company operating in attractive, high-growth categories, with approximately $20B in fiscal year 2025 revenue and a 21% operating margin and strong cash flow generation. The transaction is expected to be accretive to McCormick's net sales growth rate, operating margin, and adjusted EPS with mid- to high-single-digit adjusted EPS accretion anticipated within the first twelve months post-close and mid-to high-teens accretion expected in Year 3. The combined company is expected to realize approximately $600M of annual run-rate cost synergies, net of growth reinvestments and potential dis-synergies, with approximately two-thirds expected to be achieved by Year 2 post-close. The Company also expects to identify approximately $100M of incremental cost and revenue synergies that will be reinvested to further support growth. Cost synergies are expected to be driven primarily by SG&A, procurement, and manufacturing and logistics efficiencies. Integration planning remains on track. McCormick has announced the planned future operating model and leadership team, established a dedicated Integration Management Office, and mobilized 20 cross-functional teams comprising more than 200 employees from McCormick and Unilever Foods. Detailed bottom-up Day 1 planning has identified a clear pipeline of quantified initiatives, supported by defined actions, ownership, timing, and resources. The companies have also established global transition service agreements designed to support business continuity from Day 1 and facilitate a phased exit over approximately two years following close. Lastly, McCormick continues to advance the regulatory approval process, with filings submitted on schedule across jurisdictions. The transaction is expected to close by mid-2027, subject to customary closing conditions and regulatory approvals."

Unilever Sells Zwitsal Brand to Royal Sanders

Unilever is selling personal care brand Zwitsal to Royal Sanders because it does not fit the company's strategy to invest in global brands with a broad international reach. Zwitsal is primarily known in the Netherlands and Belgium, particularly for its baby care products. No financial details have been disclosed.