Unilever to merge food division with McCormick in $65 billion deal
Unilever will spin off its food business and merge it with McCormick in a $65 billion transaction, forming one of the largest food companies globally. The deal, structured as a tax-efficient Reverse Morris Trust, reflects mounting pressure on legacy food brands facing slower growth, rising competition from private labels, and shifting consumer preferences. As companies pursue scale to maintain margins, the merger marks another step toward greater consolidation across the global food system.
