- Unilever, the company behind Marmite and Hellmann’s mayonnaise, has confirmed it is in discussions with McCormick & Company, known for Schwartz spices and French's mustard, regarding a potential merger of its food business.
- The talks follow a report by the Wall Street Journal suggesting Unilever could spin off its food division to combine it with McCormick.
- Unilever stated it has received an inbound offer for its food business but emphasised there is no certainty that any transaction will be agreed.
- Despite the discussions, Unilever expressed confidence in the future of its food business, describing it as a highly attractive division with a strong financial profile and market-leading brands.
- This potential move aligns with Unilever's ongoing strategy to focus on its beauty, personal care, and home operations, having previously spun off its ice cream business and sold other food brands.
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Marmite and mayonnaise maker Unilever mulls merger with mustard firm McCormick
