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McCormick & Co. outlines next steps for its planned combination with Unilever Foods, targeting closing by mid‑2027 subject to shareholder and regulatory approvals and other customary conditions. The company describes a new operating model and confirms an Executive Team drawn from both McCormick and Unilever Foods, with Brendan Foley remaining Chairman, President and CEO and Marcos Gabriel continuing as CFO.
The combined company plans to maintain McCormick’s primary listing on the NYSE while applying for a secondary listing on the London Stock Exchange. Global Headquarters will remain in Hunt Valley, Maryland, with an International Headquarters and substantial presence in the Netherlands to support non‑U.S. operations. Management expects to provide more detail on revenue and cost synergies and Transition Service Agreements by the end of September 2026. Extensive cautionary language highlights multiple risks that could delay, alter or prevent completion of the transaction.
McCormick outlines the planned structure and leadership for its proposed combination with Unilever’s Foods business, expected to close by mid-2027. The combined company will operate four commercial divisions: Americas Consumer with $8 billion in projected 2025 annual sales, International Consumer with $7 billion, Global Food Service with $4 billion, and Global Flavor with $2.5 billion, based on 2025 figures for both businesses excluding specified Unilever units.
The business will keep its primary listing on the NYSE and seek a secondary listing on the London Stock Exchange at closing, while maintaining Global Headquarters in Hunt Valley, Maryland and establishing an International Headquarters in the Netherlands alongside Unilever Foods’ R&D facilities. An Integration Management Office and transition services agreements lasting up to 24 months after closing are planned to manage integration, synergy capture, and cultural alignment, with further detail on anticipated revenue and cost synergies expected by the end of the third quarter.
McCormick & Company and Unilever Foods describe progress on their proposed combination, highlighting a planned operating model focused on consumers and customers, with goals of disciplined execution, innovation and long-term growth. A planned Executive Team draws leaders from both organizations to manage brands, categories, customers and global regions.
The combined company plans a secondary stock listing on the London Stock Exchange while maintaining McCormick’s primary listing on the NYSE, reinforcing its global footprint alongside an International HQ in the Netherlands and Global HQ in the US. Management emphasizes integration planning momentum, expected synergies and a vision of a scaled global flavor business, while extensive cautionary language outlines risks that could affect timing, completion, financing, regulatory approvals, integration, leverage and anticipated benefits. Investors are directed to forthcoming SEC filings, including a Form S-4 proxy statement/prospectus and a Form 10 information statement, for detailed terms of the transaction.