McCormick releases 2025 Purpose-led Performance Report
The report shows progress on sustainability commitments, including 100% sustainably sourced iconic ingredients.
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Global flavor, seasoning, and spice manufacturer
mccormickcorporation.comLast updated
In short: McCormick announced a $65 billion merger with Unilever's Foods business and acquired a majority stake in McCormick de Mexico to expand globally.
The report shows progress on sustainability commitments, including 100% sustainably sourced iconic ingredients.
Chairman & CEO Brendan Foley and CFO Marcos Gabriel spoke about the deal at the dbAccess Global Consumer Conference in Paris, reinforcing global flavor leadership.
She is a former Chief Digital Officer & CIO at AstraZeneca, bringing expertise in digital transformation.
The deal creates a $20 billion global flavor leader. Unilever shareholders receive 65% equity and $15.7 billion cash. Expected $600 million annual cost synergies by year 3.
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