London, March 31, 2026 (AFP) - Unilever spins off food unit in multibillion-dollar deal

NAMPA / AFP

2026-03-31

Unilever said Tuesday it had agreed a multibillion-dollar deal with US spices maker McCormick & Company to spin off most of the British group's food business. Brands including Hellmann's mayonnaise and Knorr seasonings owned by consumer goods giant Unilever will combine with McCormick's Schwartz and Ducros herbs to form a new business, according to company statements. McCormick will pay Unilever $15.7 billion and offer shares under the deal, whic......

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