Unilever (UL) Reportedly Explores Food Business Spin-Off and Combination with McCormick

Unilever PLC (NYSE:UL) is one of the 12 Best UK Stocks to Buy According to Hedge Funds.

On March 19, 2026, Unilever PLC (NYSE:UL) was reported to be in discussions to spin off its food business and combine it with McCormick in an all-stock transaction, according to The Wall Street Journal. The report indicated that the remaining Unilever would focus on its beauty, personal care, and home products segments.

McCormick has confirmed it is engaged in discussions with Unilever PLC (NYSE:UL) regarding a potential strategic transaction involving the food business, but said there is no certainty that a deal will be reached. The company noted it continues to evaluate strategic options to maximize shareholder value and does not plan to provide further updates unless additional disclosure becomes necessary.

On March 17, 2026, separate reports indicated that Unilever PLC (NYSE:UL) had been exploring options to streamline its portfolio, including a potential separation of its food business, with the company working with advisers in the early stages of evaluating alternatives.

Unilever PLC (NYSE:UL) is a global consumer goods company operating across beauty, personal care, home care, and food segments.

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