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Unilever is reportedly in talks to spin off its food business and merge it with McCormick
Sources say Unilever is in talks to spin off its food business and merge it with spice maker McCormick. The deal is expected to be all-stock and could be finalized within a few weeks.
Currently, consumer goods companies are facing weakened demand for packaged foods amid uncertain economic conditions. Earlier this week, reports indicated that Unilever was considering a broader divestment of its food assets.
On Wednesday, it was reported that Unilever and Kraft Heinz had recently held negotiations regarding the potential merger of some of their food businesses, but those discussions have now concluded.
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