McCormick announces operating model, executive team, and secondary listing
The combined company will have four divisions, a diverse executive team, and a secondary listing on the London Stock Exchange.
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Global flavor, seasoning, and spice manufacturer
mccormickcorporation.comLast updated
In short: McCormick announced a $65 billion merger with Unilever's food business to create a global flavor leader and reported strong Q2 results.
The combined company will have four divisions, a diverse executive team, and a secondary listing on the London Stock Exchange.
Revenue grew from Flavor Solutions, recent acquisition, and planned reinvestment, with progress on Unilever combination.
Net sales increased 17%, adjusted operating income up 30% to $336 million, and adjusted EPS up 16% to $0.80.
The dividend is payable July 20, 2026 to shareholders of record July 6, 2026, marking the 102nd consecutive year of dividend payments.
A Unilever spokesperson said it has “agreed commitments in Europe regarding the protection of employ...
Unilever has committed to a two-year guarantee to protect employment terms for European and British...
The merger is set to more than triple McCormick's revenue and add products like Hellman's Mayonnaise to its portfolio.
McCormick said it would seek a secondary listing on the London Stock Exchange following a looming merger with Unilever's foods business. The maker of spices...
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