financetom
Business
financetom
/
Business
/
Unilever in takeover talks with McCormick for food business
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Unilever in takeover talks with McCormick for food business
Mar 20, 2026 12:24 AM

March 20 (Reuters) - Unilever ( UL ) said on Friday it

was in talks with U.S.-based McCormick & Company ( MKC ) about

selling its foods business, which includes brands such as

Hellmann's mayonnaise and Knorr soups and seasonings.

Unilever ( UL ) said it has received an inbound offer for the

business. There can be no certainty that a deal will be agreed,

the companies said in separate statements.

A possible agreement will bring Unilever's ( UL ) popular brands

like Coleman and Marmite and Maryland-based McCormick's ( MKC ) iconic

Cholula hot sauce under one roof.

The talks come months after the conglomerate spun-off its

ice cream brand Magnum Ice Cream Company as it shifts

focus towards higher-return personal and beauty categories.

Unilever's ( UL ) food business, contributed about a quarter of

its total sales in 2025 at over 12.9 billion euros ($14.91

billion), while its personal care and beauty businesses

accounted for over half of it.

($1 = 0.8650 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Carnival boosts annual profit forecast on cruise demand
Carnival boosts annual profit forecast on cruise demand
Sep 29, 2025
Sept 29 (Reuters) - Carnival Corp ( CCL ) raised its annual forecast for profit, betting on strong demand and higher onboard spending as well as ticket pricing for its cruise vacations. The company forecast fiscal 2025 adjusted earnings per share of about $2.14, up from its prior expectations of about $1.97. ...
Sector Update: Consumer Stocks Advance Pre-Bell Monday
Sector Update: Consumer Stocks Advance Pre-Bell Monday
Sep 29, 2025
09:16 AM EDT, 09/29/2025 (MT Newswires) -- Consumer stocks were advancing pre-bell Monday, with The Consumer Staples Select Sector SPDR Fund ( XLP ) up 0.2% and The Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.6% higher. Village Farms International ( VFF ) shares were up more than 15% after the company said its board approved a $10...
Largo Up 1% In US Premarket As Updates On
Largo Up 1% In US Premarket As Updates On "Sustained Operational Progress" and Sales Impact of U.S. Tariffs and Short-Term Liquidity
Sep 29, 2025
09:00 AM EDT, 09/29/2025 (MT Newswires) -- Largo was at last look up more than 1% in US premarket trade after announcing Monday an operational update, adjustments to its U.S. sales strategy amid ongoing tariff measures, and a financing update. This comes after the company disclosed in interim financial statements and MD&A released on August 12, 2025, that it will...
WaterBridge Infrastructure Unveils $1.4 Billion Senior Notes Offering
WaterBridge Infrastructure Unveils $1.4 Billion Senior Notes Offering
Sep 29, 2025
09:15 AM EDT, 09/29/2025 (MT Newswires) -- WaterBridge Infrastructure ( WBI ) said Monday that its WBI Operating unit intends to offer $1.4 billion worth of senior notes through a private placement. The company said it intends to use net proceeds from the offering, combined with existing cash, to repay debt under its legacy term loan facilities. As of Monday,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved