Unilever-McCormick Food Business Talks Could Split Off Hellmann’s, Knorr and Marmite
Unilever confirmed it is in talks with McCormick & Co. over a possible sale of its Foods business, which includes Hellmann’s, Knorr, and Marmite. Analysts value the unit at €28–31 billion, making it larger than McCormick’s current market value. Both companies said no terms have been agreed and there is no certainty a deal will be reached. Earlier talks with Kraft Heinz ended without agreement.