Unilever combines food division with McCormick

Unilever is taking the next step in reshaping its portfolio. The company is bringing its entire food business together with McCormick. This creates a global flavor company with combined revenues of approximately $20 billion, based on 2025 figures. The consolidation brings well-known brands together and is intended to strengthen its position in growth categories within the food industry.

New player with strong brands

The collaboration includes well-known brands such as Knorr, Hellmann’s, Cholula, and Frank’s RedHot. These will be combined with McCormick’s existing portfolio. The new organization will focus on herbs, spices, sauces, and cooking aids. According to both companies, this creates a player with strong positions in both retail and foodservice.

McCormick CEO Brendan Foley commented: “Together, we are better positioned to accelerate growth in attractive categories.”

The Netherlands as an international base

In addition to its headquarters in the United States, McCormick will establish an international headquarters in the Netherlands. The company is also working toward a secondary stock listing in Europe.

The existing R&D capabilities of Unilever Foods in the Netherlands will remain part of the new organization. According to McCormick, this expertise forms an important pillar for future growth.

Unilever shifts focus to non-food

Following the separation, Unilever will fully focus on home, personal care, beauty, and wellbeing. The company expects this to deliver a stronger growth profile. Unilever will receive $15.7 billion in cash and an equity stake in the new company. At closing, the company will hold a 9.9 percent stake.

CEO Fernando Fernandez explained: “We are unlocking value through a growth-led separation of Foods.”
The transaction is expected to be completed by mid-2027, subject to approvals and customary conditions.

Unilever.com