Unilever Sells Food Business to McCormick
Unilever has agreed to sell its food division to McCormick & Company. The sale includes brands like Knorr, Calvé, and Unox. This change will allow Unilever to focus on other businesses.
Unilever has reached an agreement to sell its food brands to McCormick, a US spice company. The deal includes brands such as Calvé, Knorr, and Unox. Shareholders could own around 65% of the new company. This sale is part of Unilever’s plan to reduce costs. The new company will be listed on stock exchanges in both the US and Europe.
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Highlights
Unilever Sells Food Division
Unilever is selling its food division to McCormick & Company.
McCormick Acquires Unilever Brands
McCormick is buying brands like Calvé, Knorr, and Unox.
Deal Includes Multiple Brands
The sale includes brands such as Ducros, Cholula, and Frank’s.
Shareholders Will Own Part
Shareholders could own approximately 65% of the new company.
Unilever Brand Disappears in Netherlands
The Unilever brand name is being discontinued in the Netherlands.
Perspectives
- Unilever is selling its food division.
- McCormick is buying the food division.
- The sale includes brands like Calvé, Knorr, and Unox.
- The deal involves cash and stock payments.
Unilever is selling to reduce costs and streamline operations.
NOS Nieuws, NU.nl, NOS Nieuws, RTL Nieuws, NU.nl
Unilever is responding to a report about a new food company.
NOS Nieuws
The Unilever brand name will disappear from the Netherlands.
De Volkskrant
The new company, McCormick, will be listed on the stock exchange.
NOS Nieuws