# MCCORMICK & CO INC (MKC-V) — merger/definitive [pending]
Source: SEC API (secapi.ai) · situation sit_c3a2fe781074b99ddbb5 · retrieved 2026-08-11T15:52:28.027Z

## Overview
McCormick & Company is a global flavor company focused on herbs, spices, seasonings, hot sauce, and mustard, with operations across consumer and foodservice channels.

McCormick & Company is acquiring Unilever Foods from Unilever PLC in a transaction expected to close around mid-2027. The combined company is projected to achieve 3% to 5% top-line growth and adjusted operating margins of 23% to 25% by year three, before realizing anticipated synergies. McCormick expects to realize $600 million in cost synergies, with approximately two-thirds achieved by year 2 and the remainder by year 3. The transaction is expected to be accretive to EPS in the mid- to high single digits in the first full year post-close and mid- to high teens by year 3 post-synergies. The combined company will have a more diversified geographic footprint, with emerging markets increasing from 25% to 40% of operations, and is expected to generate strong free cash flow supporting debt reduction from approximately 4x leverage at close to 3x within 2 years.

## Terms
- Counterparty: Unilever PLC

## Key dates
- Announced 2026-06-02 · Expected close 2027-06-30

## Timeline
- 2026-06-02 · 425 (0001999371-26-011912): 425 - MCCORMICK & CO INC — *McCormick & Company is a global flavor company focused on herbs, spices, seasonings, hot sauce, and mustard, with operations across consumer and foodservice channels.* McCormick & Company is acquiring Unilever Foods from Unilever PLC in a transaction expected to close around mid-2027. The combined company is projected to achieve 3% to 5% top-line growth and adjusted operating margins of 23% to 25% by year three, before realizing anticipated synergies. McCormick expects to realize $600 million in cost synergies, with approximately two-thirds achieved by year 2 and the remainder by year 3. The transaction is expected to be accretive to EPS in the mid- to high single digits in the first full year post-close and mid- to high teens by year 3 post-synergies. The combined company will have a more diversified geographic footprint, with emerging markets increasing from 25% to 40% of operations, and is expected to generate strong free cash flow supporting debt reduction from approximately 4x leverage at close to 3x within 2 years.
  https://www.sec.gov/Archives/edgar/data/63754/0001999371-26-011912.txt

## Citations
- 0001999371-26-011912 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000199937126011912