Unilever will merge its food business with spice maker McCormick , it said on Tuesday, creating a company worth around $65 billion in the second-largest food transaction in history.
The agreement is CEO Fernando Fernandez’s biggest gambit since taking the helm in March 2025 and comes after he completed the spin-off last year of Unilever’s multi-billion euro ice cream business, home to Ben & Jerry’s and Magnum.
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Source: Reuters | Published: 2026-03-31T06:08:16Z
Credit: Reuters
