Key Takeaways:Upon closing, the transaction will create two focused, faster-growing businesses, each better aligned with its category, capabilities, and value-creation model.Unilever to become a pureplay HPC business with leading positions in highly attractive categories, fast-growing geographies, and channels.Post-completion, Unilever will operate across Beauty, Wellbeing, Personal Care, and Home Care.Unilever and McCormick & Company have entered into an agreement to combine Unilever’s Foods business with McCormick.WHO: Founded in 1889 and headquartered in Hunt Valley, Maryland, McCormick & Company is a global leader in flavor. With approximately $7 billion in annual sales across 150 countries and territories, they manufacture, market, and distribute herbs, spices, seasonings, condiments, and flavors to the entire food and beverage industry, including retailers, food manufacturers, and foodservice businesses. The most popular brands with trademark registrations include McCormick, French's, Frank's RedHot, Stubb's, Old Bay, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane, Gourmet Garden, Fona, and Giotti.Unilever is one of the world's leading suppliers of Beauty & Wellbeing, Personal Care, Home Care, and Foods products, with sales in over 190 countries and products used by 3.7 billion people every day. The company has 96,000 employees and generated sales of €50.5 billion in 2025. WHY: The combination will create a scaled, global flavor powerhouse by bringing together two industry-leading, culturally aligned food businesses with strong momentum, superior top-line growth, and enhanced value creation.