Unilever PLC (UL)

Unilever Investing $270M in Global Innovation Center in New Haven, ConnecticutMay 28, 2026 1:00 PM
Business Wire Opening by spring 2029, new global innovation center deepens company’s $15B investment in U.S. market over past decade to drive U.S. and global growth Advanced R&D capabilities will connect science, technology, and culture to create breakthrough products across personal care, beauty and wellbeing brands Enables faster scaling of product development via AI capabilities and enhances partnerships via access to leading biosciences and emerging quantum ecosystem of talent, academia, technology partners and consumers Drives desirability and growth for Unilever brands, which serve 95% of U.S. households and 3.7 billion people globally, every day Supports Unilever's strategy to become a sharper, focused personal care, beauty and wellbeing company Unilever today unveiled plans to develop a new Global Innovation Center in New Haven, Connecticut, opening by spring 2029. The center will be a leading hub for the company’s research and development for its personal care, beauty and wellbeing businesses in the U.S. and globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260528022339/en/Rendering of Unilever's future Global Innovation Center in New Haven, opening in spring 2029. The center further propels Unilever’s growth strategy in the U.S. market, raising the bar for research and development in the consumer goods industry and powering the company’s portfolio of innovative and desirable brands. Centrally located in one of the world’s fastest-growing biosciences innovation clusters, the digital-first and AI-powered center will deliver deeper insights to fuel Unilever’s ambition of reshaping product categories. The center will advance how Unilever’s teams of scientists and experts push the boundaries of the fundamental differentiators that make the company’s brands distinct and products desirable: superior science, aesthetics and sensorials. The center brings together a new and differentiated combination of assets and capabilities that will accelerate breakthroughs and enable Unilever’s brands to bring the next generation of market-making beauty, wellbeing and personal care products to people faster: New technologies to drive scale and speed to market: Powered by AI and emerging quantum capabilities, the center positions Unilever to be the leading innovator in the consumer goods sector. Fueled by the State of Connecticut and private investment, the computational power of quantum will accelerate advanced materials discovery in the coming decades, unlocking new possibilities for market-making products that drive desire by scale. End-to-end integration of the R&D process to push the boundaries of desirable products: All R&D capabilities — including formulation, fragrance creation, packaging design and consumer insights — will be housed under one roof. By co-locating every stage of the innovation cycle, the center will enable deeper collaboration to further accelerate product development. Located in the heart of the New Haven biosciences ecosystem: With access to dozens of world-class universities, hundreds of companies and some of the brightest minds in the world, the center places Unilever’s U.S. R&D at the heart of innovation in bioscience, building on the company’s expertise in understanding skin biology, the microbiome and the skin-brain axis. The center will enhance Unilever scientists’ use of cutting-edge neuroscience to create the next generation of desirable products, connecting sensory attributes like texture, fragrance and bioactives with emotional, behavioral and wellness responses. The center advances Unilever's strategy to become a sharper, focused personal care, beauty and wellbeing company, built upon shared capabilities across science-led innovation, demand creation and operational execution. Unilever will invest $270 million in the project over the long term, including $50 million in capital expenditure. Total combined investment of public and private funds in the center will exceed $300 million. This investment builds on nearly $15 billion invested in Unilever’s U.S. business over the past decade, across both acquisitions and capital projects. Approximately 300 employees will work at the center. It will succeed Unilever's existing R&D facility in Trumbull, Connecticut, which has operated since 1972, marking the next chapter of Unilever's long partnership with the State of Connecticut and its scientific community. Herrish Patel, President of Unilever USA and CEO of Personal Care North America, said: “New Haven gets us to the future faster. Our Global Innovation Center is where we'll innovate at the intersection of science, technology and culture — for the U.S. and for the world. We will build on our deep heritage of innovation to develop the next generation of brands and products that people love. As part of Unilever’s global network of innovation hubs, the center will connect closely with our other leading locations worldwide, sharing technology, insights, and breakthrough ideas to accelerate innovation at scale. As the U.S. becomes a center of gravity for Unilever, we’re harnessing the best of American innovation to match our growth ambition here in the U.S. and around the world.” Specific capabilities to be housed at the center include: Global center for skin care and cleansing, anchoring the site and powering the future of Unilever’s skin care and cleansing business through advanced capabilities, building on its long legacy of product innovation in the U.S. Polycultural skin and hair center of excellence, specializing in creating ingredients and products that address the unmet needs of millions of consumers Human performance lab, generating unprecedented new data and insights into human physiology, enabling on-site testing of ingestibles, and accelerating growth across Unilever’s wellbeing brands Unilever Fragrance House, with perfumists, chemists and packaging designers working together from the earliest stages of development, placing fragrance at the heart of product creation and sensory experience Packaging innovation studio, incorporating real-time consumer feedback to accelerate the development of prototypes that perform across physical and digital shelves Richard Slater, Unilever Chief Research & Development Officer, said: “Behind every Unilever product is world-leading science that delivers superior performance, combined with design, fragrance and sensory experiences that make our brands distinctive. Our new Global Innovation Center will bring these capabilities together to develop new, category-defining innovations in the U.S., and scale globally. The real shift here is integration and speed: science, design and sensorials working as one, with AI and partnerships accelerating every stage of innovation.” Connecticut Governor Ned Lamont said: “Unilever’s decision to make this investment in New Haven reaffirms Connecticut’s global reputation as a leader in innovation, research and development, and discovery. This innovation center will serve as an important foundational piece for this burgeoning hub that will not only strengthen New Haven’s existing tech centers but will also boost our innovation ecosystem statewide. I am glad we have Unilever as a valued member of Connecticut’s growing business community, and I look forward to this company continuing to succeed here for many years to come.” About Unilever Unilever is one of the world’s leading suppliers of Beauty & Wellbeing, Personal Care, Home Care, and Foods products, with sales in over 190 countries and products used by 3.7 billion people every day. We have 96,000 employees and generated sales of €50.5 billion in 2025. Our leading brands in the U.S. include Dove, Hellmann’s, Vaseline, Degree, Axe, TRESemmé, Knorr, Nutrafol, Liquid I.V., Paula’s Choice, and Dermalogica. For more information on Unilever U.S. and its brands visit: www.unileverusa.com View source version on businesswire.com: https://www.businesswire.com/news/home/20260528022339/en/ Media Contact:
MediaRelations.USA@Unilever.com Original: Unilever Investing $270M in Global Innovation Center in New Haven, Connecticut

McCormick to Combine with Unilever's Foods Business, Creating a Preeminent Global Flavor-Focused CompanyMarch 31, 2026 8:03 AM
PR Newswire (US)

Combines Complementary, Strategically and Culturally Aligned Businesses with Strong Momentum and Iconic Brands that Meet Consumers' Growing Demand for FlavorCreates a Growth-Focused, Resilient Company Backed by McCormick's Proven Track Record of Successful Integrations of Iconic BrandsExpected to be Accretive to McCormick's Net Sales Growth Rate, Operating Margin and Adjusted EPS in First Full YearExpected Annual Run-Rate Cost Synergies of $600 Million Net of Reinvestments; Expect to Achieve by Year 3, with Approximately Two-Thirds by Year 2 $100 Million of Incremental Synergies from Cost and Revenue to be Reinvested in GrowthCombined Company to be Led by McCormick Leadership, with Senior Management Representation from Unilever FoodsMcCormick to Maintain its Name, Global Headquarters in Hunt Valley, Maryland, and NYSE Listing, with International Headquarters in the NetherlandsMcCormick Expected to Maintain Commitment to its Dividend Payment Consistent with its History McCormick to Host Call with Unilever CEO Today at 8:00 a.m. Eastern TimeHUNT VALLEY, Md., and LONDON, March 31, 2026 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC) ("McCormick") and Unilever PLC (LSE: ULVR / NYSE: UL) ("Unilever"), today announced that they have entered into an agreement to combine McCormick with Unilever's Foods business excluding India and other excluded businesses1 ("Unilever Foods"), creating a global flavor leader in attractive and high-growth categories with approximately $20 billion in combined fiscal year 2025 revenue.2Under the terms of the agreement and upon closing of the transaction, Unilever and its shareholders are expected to receive shares equating to 65.0% of the fully diluted combined-company outstanding equity, equivalent to $29.1 billion3 based on McCormick's one-month volume-weighted average price of $57.84.4 Unilever will also receive $15.7 billion in cash, subject to certain closing adjustments. This implies an Enterprise Value for Unilever Foods of approximately $44.8 billion, or approximately 13.8x fiscal year 2025 EBITDA.5 In addition, this reflects an enterprise value for McCormick of approximately $21.0 billion, or approximately 13.8x fiscal year 2025 EBITDA.6Upon closing of the transaction, Unilever shareholders are expected to own 55.1%, McCormick shareholders will own 35.0% and Unilever is expected to own 9.9% of the fully diluted combined-company outstanding equity. The transaction is not expected to give rise to U.S. federal income tax for Unilever or its shareholders, thereby mitigating some of the overall tax costs associated with the transaction.The combination brings together two industry-leading organizations with complementary global footprints and portfolios of iconic brands across herbs, spices, seasonings, cooking aids, condiments and sauces. The combined company is expected to benefit from expanded global reach, enhanced scale across retail and foodservice channels and greater resources to invest in innovation, brand-building and global distribution.Brendan Foley, Chairman, President and Chief Executive Officer of McCormick, said, "This transformative combination accelerates McCormick's strategy and reinforces our continued focus on flavor. The Unilever Foods business is one we have long admired, with a portfolio that complements our existing business, capabilities and long-term vision. Together, we will be better positioned to accelerate growth in attractive categories. This combination will create a diversified flavor leader with a robust growth profile that remains differentiated by its focus on flavoring calories while others compete for them.""Unilever Foods' global portfolio of strong brands, combined with our proven expertise in insight-driven brand-building and integration, will enable us to deliver flavor in new and exciting ways for more consumers, driving significant growth across the combined portfolio and value for all stakeholders. Integrating two global organizations of this scale requires disciplined execution, and we are confident that our detailed integration roadmap, experienced teams from McCormick and Unilever, external advisors and our strong partnership will enable us to capture the full value of this opportunity. McCormick is the right partner for Unilever Foods' brands and employees, and our shared culture and values will empower our combination. We are excited to welcome their exceptional talent and international expertise to our Power of People culture."Fernando Fernández, Chief Executive Officer of Unilever, said, "For Unilever, this transaction is another decisive step in sharpening our portfolio and accelerating our strategy towards high-growth categories as a €39 billion pureplay HPC company with a proven sector-leading growth profile. We are unlocking trapped value through a growth-led separation of Foods, creating a scaled, global flavor powerhouse. By combining Unilever Foods' iconic leading brands and global reach with McCormick's exceptional portfolio, category expertise and capabilities, we are establishing a focused, high-quality business with significant top line growth and value creation potential.""This is a combination built on strong strategic and cultural alignment, providing exciting opportunities for our people and ensuring our Foods brands continue to thrive as part of a global flavor leader. Our retained ownership stake reflects our conviction in the strength of the combined company and its future prospects."Unilever Foods has a global portfolio of flavoring and cooking aids, condiments, sauces and other food products, led by iconic brands Knorr and Hellmann's, which comprise approximately 70% of sales. Knorr, a household name in more than 90 countries around the world, serves more than five billion consumers worldwide, and Hellmann's, one of the world's leading mayonnaise brands, reaches consumers in more than 65 countries. Alongside these global power brands, Unilever Foods' portfolio includes a wide array of local brands across EMEA, Latin America and APAC. The business has achieved an underlying sales CAGR of approximately 2.8% over the past two years, supported by consistent volume growth.7Unilever Foods' assets are a highly complementary fit with McCormick's portfolio of iconic brands, which include McCormick, French's, Frank's RedHot, Cholula, Stubb's, OLD BAY and Lawry's, and its 137-year history of flavoring foods for every cuisine and trend. In addition to retail and branded foodservice offerings, McCormick develops custom flavors and condiments for customers as well as its own products within its Flavor Solutions segment.Combines Two High-Performing, Highly Complementary Businesses with Significant Growth OpportunitiesAdvances growth in attractive categories: Unilever Foods and McCormick bring together a portfolio of global, well-invested iconic leading brands, breakthrough brands and local favorites across developed and emerging regions. The combined company will have a deepened focus on flavoring and enhancing foods across categories with attractive consumer tailwinds, including increased protein consumption and cooking at home.Unlocks revenue synergies across McCormick and Unilever Foods businesses: The combination is positioned to unlock new regions, flavors, innovation and consumption occasions in both retail and foodservice channels across the combined business. McCormick's brands will benefit from greater access to high-growth regions in EMEA, Latin America and APAC served by Unilever Foods' extensive infrastructure and distribution. Unilever Foods' brands will have an enhanced strategic runway for growth in North America, where McCormick has a stronger profile and capabilities.Creates a leading global foodservice platform: The combined company will benefit from a combined foodservice platform with broad global distribution capabilities and customer recognition, supported by McCormick's front-of-house strength and Unilever Foods' chef-led, back-of-house strength. Together, the combined foodservice platform will have approximately $6 billion in fiscal year 2025 combined company sales.8Combines differentiated technical expertise: McCormick is committed to remaining a flavor focused business and will integrate and leverage Unilever Foods' technology capabilities, R&D centers and manufacturing footprint. The total breadth of flavor insights, advanced technology and technical expertise across R&D, marketing and supply chain will further strengthen resources to drive acceleration in innovation and product development for the combined company and its customers.Builds on McCormick's history of accretive M&A and brand-building: McCormick has a successful history of integrating leading flavor brands and investing in and accelerating their performance, including Lawry's, Cholula, French's and Red Hot. In these cases, the McCormick team achieved accretion to growth, synergies and earnings targets while enhancing brand equity and consumption growth for the brands.Unites two culturally aligned, purpose-led organizations: The combination is founded in exceptional talent, technology and capabilities from two successful organizations with complementary geographic expertise. McCormick and Unilever share a commitment to conducting business with high ethical standards and social responsibility, and these values will continue to guide operations at the combined company.Attractive Financial Profile Positions Company for Continued Volume-Driven Growth and Value CreationPositioned for accelerated growth in flavor categories with structurally growing demand: Shareholders of the combined company are expected to benefit from the combination of two high-performing businesses that have consistently delivered volume growth. In 2025, Unilever Foods and McCormick together grew at approximately 2.4%, well above their peers in these categories.9 The combined company is expected to target a growth rate of 3 to 5% in year 3, supported by increased investment and volume-driven revenue opportunities. The portfolio of the combined company will be focused on categories benefiting from growing consumer trends, including increased demand for flavors both at home and away from home, and complementary to the rising demand for protein and produce.Supports value creation through realization of substantial synergies: The combined company expects to realize approximately $600 million in run-rate annual cost synergies, net of growth reinvestments. These cost synergies are projected to be captured over a three-year period, with approximately two-thirds of the synergies realized by the end of year two, driven by procurement, manufacturing and SG&A. One-time expenditures to achieve these synergies are estimated to be approximately $300 million. Approximately $100 million incremental cost and revenue synergies will be reinvested to further drive growth.Enables attractive and sustainable margin profile, supporting resilience and enabling reinvestment: On a combined basis, McCormick and Unilever Foods had combined company 2025 adjusted EBITDA of $4.7 billion and an operating income margin of approximately 21%.10 Including estimated run-rate synergies, the expected operating income margin for the combined company for the third year post-closing is expected to be approximately 23 to 25%.Reinforces long-term balance sheet stability and commitment to shareholder returns: The combined company is expected to deliver strong cash flow from operations, providing a clear path to reduce net leverage from an estimated 4.0x or less at closing to 3.0x within two years post-closing. Additionally, both McCormick and Unilever have long-standing commitments to shareholder returns and historically have had dividend payout ratios of approximately 60%. The combined company expects to maintain a dividend consistent with this history.Integration planning is a key priority: Both organizations have already started extensive planning for integrating two global organizations of this scale. The companies have already planned out a detailed integration roadmap, with experienced team members from McCormick and Unilever, and external advisors. The combined company is well positioned to execute the integration effectively and capture the full value of the combination.Leadership, Governance, Listing and HeadquartersUpon closing of the transaction, Brendan Foley is expected to remain Chairman, President and Chief Executive Officer of McCormick, and Marcos Gabriel is expected to remain Executive Vice President and Chief Financial Officer. Executives from both companies will serve in key leadership roles. Upon closing, Unilever will appoint four of twelve members of the combined company Board of Directors. In addition, one Unilever executive is expected to serve as one of the four directors appointed for two years to support a successful integration.McCormick will maintain its Global Headquarters in Hunt Valley, Maryland, and have an International Headquarters in the Netherlands. Unilever Foods has a long-standing presence in the Netherlands, which is home to its world-leading R&D capability that supports its deep sector expertise. Management views this capability as a core strength of the combined company and intends to maintain a substantial presence in the Netherlands. The combined company is planning to have a secondary stock listing in Europe to reflect the global nature of Unilever's current shareholder base.As part of a larger, flavor-focused company, employees of both businesses will gain access to expanded career growth and professional development opportunities.Transaction DetailsUnder the terms of the agreement and upon closing of the transaction, McCormick will issue a proportionate mix of McCormick's existing voting and non-voting common stock equating to 65.0% of the fully diluted combined-company outstanding equity to Unilever and Unilever's shareholders, which is expected to result in current Unilever shareholders owning 55.1% of each class of the fully diluted combined company's equity and current McCormick shareholders owning 35.0% of each class. Unilever is expected to own 9.9% of each class of the fully diluted combined company equity and is committed to an orderly sell-down over time. Under the terms of the agreement, Unilever will also receive a one-time $15.7 billion cash payment, subject to certain closing adjustments.The separation of Unilever's Foods business from the Unilever Group is expected to be structured as a Reverse Morris Trust transaction that is not expected to give rise to U.S. federal income tax for Unilever or its shareholders. The agreement has been unanimously approved by both the McCormick and Unilever Boards of Directors.Upon closing of the transaction, the combined company's net leverage is expected to be 4.0x or less. The combined company intends to maintain a strong investment grade credit rating and return to 3.0x leverage within two years after closing.McCormick has received $15.7 billion in committed bridge financing from Citigroup Global Markets Inc., Goldman Sachs Bank USA and Morgan Stanley Senior Funding, Inc., and intends to fund the cash component of the purchase price through a combination of cash from its balance sheet and proceeds from new debt issuance.The transaction is expected to close by mid 2027, subject to McCormick shareholders' approval, receipt of required regulatory approvals and the satisfaction of other customary closing conditions. Works council consultation will be conducted prior to the closing of the transaction.McCormick First Quarter 2026 Financial ResultsIn a separate press release today, McCormick reported its first quarter 2026 financial results. The McCormick release can be found at https://ir.mccormick.com/financial-information. McCormick's first quarter results reflected strong growth in sales, adjusted operating income and adjusted earnings per share, supported by the McCormick de Mexico acquisition and organic growth across both Consumer and Flavor Solutions. McCormick reaffirmed its previously issued full-year guidance for fiscal 2026, which is not impacted by this transaction.AdvisorsCiti and Rothschild & Co are acting as financial advisors to McCormick, and Cleary Gottlieb Steen & Hamilton LLP and Hogan Lovells are acting as legal advisors.Goldman Sachs International and Morgan Stanley & Co. International plc are acting as financial advisors and corporate brokers to Unilever. Clifford Chance LLP and Wachtell Lipton Rosen & Katz are acting as legal advisors to Unilever.Conference Call and WebcastMcCormick management will host a conference call with Unilever Chief Executive Officer Fernando Fernández today, March 31, 2026, at 8:00 a.m. Eastern Time to discuss the transaction at the same time as McCormick's previously announced first-quarter 2026 earnings conference call.Investors and all other interested parties can access a live, listen-only audio webcast of the call on the McCormick and Unilever websites at https://ir.mccormick.com and https://www.unilever.com/investors. Those unable to listen to the live webcast can access a recorded version of the call on either company's investor website Past Events, shortly after the live call's conclusion.Additional information and materials related to the transaction can be found at www.globalflavorleader.com. About McCormickMcCormick & Company, Incorporated is a global leader in flavor. With approximately $7 billion in annual sales across 150 countries and territories, we manufacture, market, and distribute herbs, spices, seasonings, condiments and flavors to the entire food and beverage industry including retailers, food manufacturers and foodservice businesses. Our most popular brands with trademark registrations include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane, Gourmet Garden, FONA and Giotti. The breadth and reach of our portfolio uniquely position us to capitalize on the consumer demand for flavor in every sip and bite, through our products and our customers' products. We operate in two segments, Consumer and Flavor Solutions, which complement each other and reinforce our differentiation. The scale, insights, and technology that we leverage from both segments are meaningful in driving sustainable growth.Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is committed to its Purpose – To Make Life More Flavorful – and driven by its Vision - To be the World's Most Trusted Source of Flavor.To learn more, visit: www.mccormickcorporation.com or follow McCormick & Company on Instagram and LinkedIn.About UnileverUnilever is one of the world's leading suppliers of Beauty & Wellbeing, Personal Care, Home Care and Foods products, with sales in over 190 countries and products used by 3.7 billion people every day. We have 96,000 employees and generated sales of €50.5 billion in 2025.For more information about Unilever and our brands, please visit www.unilever.com.For information contact:Investor Relations:
Faten Freiha - faten_freiha@mccormick.com Media Relations:
MKCmedia@fticonsulting.comMcCormick Cautionary Statement Regarding Forward Looking StatementsCertain information contained in this document that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words such as "will," "aim," "expects," "anticipates," "intends," "looks," "believes," "vision," "ambition," "target," "goal," "plan," "potential," "work towards," "may," "milestone," "objectives," "outlook," "probably," "project," "risk," "continue," "should," "would be," "seeks," or the negative of these terms and other similar expressions of future performance, results, actions or events, and their negatives, are intended to identify such forward-looking statements. Forward-looking statements can be made in writing but also may be made verbally by directors, officers and employees of McCormick. The forward-looking statements contained in this document include, without limitation, the anticipated benefits of, and our plans, strategies and objectives relating to, the pending transaction with Unilever Foods.These and other forward-looking statements are based on management's current views and assumptions. They are not historical facts, nor are they guarantees of future performance or outcomes. Many risks, uncertainties and other factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: (i) the parties' ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transaction, including changes in relevant tax and other applicable laws, and the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction agreement; (ii) the failure to obtain necessary regulatory approvals, approval of our shareholders, anticipated tax treatment or any required financing, or to satisfy any of the other conditions to the transaction, including the risks that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction, may require conditions, limitations or restrictions in connection with such approvals or that such regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction; (iii) the risk that the proposed transaction may not be completed on the terms or in the time frame expected by the parties, or at all; (iv) direct transaction costs and substantial transition and integration-related costs associated with the proposed transaction with Unilever Foods; (v) the possibility that unforeseen liabilities, future capital expenditures, revenues, expenses, charges, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies resulting from the transaction or otherwise could adversely impact anticipated combined company metrics and/or the value or expected benefit of, timing or pursuit of the transaction; (v) the risks and costs of the pursuit and/or implementation of the anticipated separation of Unilever Foods' business, including the anticipated timing required to complete the separation, any adjustment to the terms of the transaction and any changes to the configuration of the businesses included in the separation if implemented; (vi) uncertainties as to McCormick's access to available financing to consummate the transaction upon acceptable terms and on a timely basis or at all; (vii) the failure to obtain the effectiveness of the registration statements for the transaction or receipt of McCormick shareholder approval for the transaction and certain related matters; (viii) the risk that combined company financial information relating to the transaction, including anticipated combined company revenues, earnings, cash flows, capital expenditures, indebtedness and other financial metrics of the combined company; (ix) the risk that the anticipated ownership percentages of McCormick shareholders, Unilever shareholders and Unilever following the closing of the transaction may differ from those expected; (x) the effect of the announcement or pendency of the transaction on Unilever Foods' or McCormick's business relationships, competition, business, financial condition and operating results, including risks that the transaction disrupts current plans and operations of Unilever Foods or McCormick, the ability of Unilever Foods or McCormick to retain and hire key personnel, risks related to diverting either management team's attention from ongoing business operations, and risks associated with third-party contracts containing consent and/or other provisions that may be triggered by the transaction; (xi) the ability of McCormick to successfully integrate Unilever Foods' operations and implement its plans, forecasts and other expectations with respect to Unilever Foods' business or the combined business after the closing of the transaction; (xii) the ability of McCormick to manage additional debt and successfully de-lever following the transaction; and (xiii) the outcome of any legal proceedings that may be instituted against Unilever Foods or McCormick related to the transaction; and other risks described in the company's filings with the Securities and Exchange Commission ("SEC"), including McCormick's Annual Report on Form 10-K for the year ended November 30, 2025 and Quarterly Report on Form 10-Q for the quarter ended February 28, 2026. Actual results could differ materially from those projected in the forward-looking statements. The company undertakes no obligation to update or revise publicly, any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.Unilever Cautionary Statement Regarding Forward Looking StatementsThis document may contain forward-looking statements within the meaning of the securities laws of certain jurisdictions, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words and terminology such as 'will', 'aim', 'expects', 'anticipates', 'intends', 'looks', 'believes', 'vision', 'ambition', 'target', 'goal', 'plan', 'potential', 'work towards', 'may', 'milestone', 'objectives', 'outlook', 'probably', 'project', 'risk', 'continue', 'should', 'would be', 'seeks', or the negative of these terms and other similar expressions of future performance, results, actions or events, and their negatives, are intended to identify such forward-looking statements. Forward-looking statements also include, but are not limited to, statements and information regarding the pending transaction of Unilever Foods with McCormick. Forward-looking statements can be made in writing but also may be made verbally by directors, officers and employees of the Unilever Group. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Unilever Group. They are not historical facts, nor are they guarantees of future performance or outcomes. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained in this section. Readers should not place undue reliance on forward-looking statements. Because these forward-looking statements involve known and unknown risks and uncertainties, a number of which may be beyond the Unilever Group's control, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Among other risks and uncertainties, the material or principal factors which could cause actual results to differ materially from the forward-looking statements expressed in this announcement are: the parties' ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transaction, including changes in relevant tax and other applicable laws, and the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction agreement, the failure to obtain necessary regulatory approvals, approval of McCormick shareholders, anticipated tax treatment or any required financing, or to satisfy any of the other conditions to the transaction, including the risks that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction, may require conditions, limitations or restrictions in connection with such approvals or that such regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction; the risk that the proposed transaction may not be completed on the terms or in the time frame expected by the parties, or at all; direct transaction costs and substantial transition and integration-related costs associated with the proposed transaction with Unilever Foods; the possibility that unforeseen liabilities, future capital expenditures, revenues, expenses, charges, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies resulting from the transaction or otherwise could adversely impact anticipated combined company metrics and/or the value or expected benefit of, timing or pursuit of the transaction, the risk that the anticipated ownership percentages of McCormick shareholders, Unilever shareholders and Unilever following the closing of the transaction may differ from those expected, the risks and costs of the pursuit and/or implementation of the anticipated separation of Unilever Foods' business, including the anticipated timing required to complete the separation, any adjustment to the terms of the transaction and any changes to the configuration of the businesses included in the separation if implemented, uncertainties as to McCormick's access to available financing to consummate the transaction upon acceptable terms and on a timely basis or at all, the failure to obtain the effectiveness of the registration statements for the transaction or receipt of McCormick shareholder approval for the transaction and certain related matters, the effect of the announcement or pendency of the transaction on Unilever Foods' or McCormick's business relationships, competition, business, financial condition and operating results, including risks that the transaction disrupts current plans and operations of Unilever Foods or McCormick, the ability of Unilever Foods or McCormick to retain and hire key personnel, risks related to diverting either management team's attention from ongoing business operations, and risks associated with third-party contracts containing consent and/or other provisions that may be triggered by the transaction; the ability of McCormick to successfully integrate Unilever Foods' operations and implement its plans, forecasts and other expectations with respect to Unilever Foods' business or the combined business after the closing of the transaction; the ability of McCormick to manage additional debt and successfully de-lever following the transaction; the outcome of any legal proceedings that may be instituted against Unilever Foods or McCormick related to the transaction; Unilever's ability to innovate and remain competitive; Unilever's investment choices in its portfolio management; the effect of climate change on Unilever' business; Unilever' ability to find sustainable solutions to its plastic packaging; significant changes or deterioration in customer relationships; the recruitment and retention of talented employees; disruptions in Unilever' supply chain and distribution; increases or volatility in the cost of raw materials and commodities; the production of safe and high-quality products; secure and reliable IT infrastructure; execution of acquisitions, divestitures and business transformation projects; economic, social and political risks and natural disasters; financial risks; failure to meet high and ethical standards; and managing regulatory, tax and legal matters and practices with regard to the interpretation and application thereof and emerging and developing ESG reporting standards including differences in implementation of climate and sustainability policies in the regions where the Unilever Group operates. Risk with respect to McCormick are further described in its filings with the US Securities and Exchange Commission ("SEC"), including McCormick's Annual Report on Form 10-K for the year ended November 30, 2025 and Quarterly Report on Form 10-Q for the quarter ended February 28, 2026. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Forward-looking statements are not predictions of future events. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-looking statements. The forward-looking statements speak only as of the date of this announcement. Except as required by any applicable law or regulation, the Unilever Group expressly disclaims any intention, obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Unilever Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual events, to differ materially from those contained in any forward-looking statements. Further details of potential risks and uncertainties affecting the Unilever Group are described in the Unilever Group's filings with the London Stock Exchange, Euronext Amsterdam and the SEC, including in the Annual Report on Form 20-F 2025 and the Unilever Annual Report and Accounts 2025.No Offer or SolicitationThis document is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.Important Information and Where to Find It This document relates to a proposed transaction among McCormick, Unilever and Unilever Foods. The parties intend to file relevant materials with the SEC, including, among other filings, a registration statement on Form S-4 to be filed by McCormick with the SEC, which will include a document that serves as a proxy statement/prospectus of McCormick in connection with the anticipated separation of Unilever Foods from Unilever and combination with McCormick, and a registration statement on Form 10 to be filed by Unilever Foods entity that serve as an information statement/prospectus in connection with the spin-off of Unilever Foods from Unilever. Each party will also file other documents regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENTS, INFORMATION STATEMENTS, PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.Investors and security holders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by McCormick, Unilever Foods or Unilever through the website maintained by the SEC at www.sec.gov. The documents filed by McCormick with the SEC also may be obtained free of charge at McCormick's website at https://ir.mccormick.com/ or upon written request to McCormick & Company, Incorporated, 24 Schilling Road, Suite 1, Hunt Valley, Maryland 21031, Attention: Investor Relations Department. The documents filed by Unilever Foods or Unilever with the SEC also may be obtained free of charge at upon written request to Unilever, Investor Relations Department, 100 Victoria Embankment, London EC4Y 0DY, United Kingdom.Participants in SolicitationMcCormick and Unilever and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from McCormick's shareholders in connection with the proposed transaction. Information about McCormick's directors and executive officers and their ownership of McCormick's common stock is set forth in McCormick's proxy statement for its 2025 Annual Meeting of Shareholders on Schedule 14A filed with the SEC on February 18, 2026. To the extent that holdings of McCormick's securities have changed since the amounts printed in McCormick's proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the direct and indirect interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. Information about the directors and executive officers of Unilever is set forth in its Annual Report on Form 20-F for the year ended December 31, 2025, which was filed with the SEC on March 12, 2026. You may obtain free copies of these documents as described in the preceding paragraph.Non-GAAP and Other Financial InformationThis document includes the following financial measures that are not in accordance with U.S. generally accepted accounting principles ("GAAP").McCormick EBITDA is defined as operating income plus depreciation and amortization.Unilever Underlying EBITDA defined as net income plus expenses for interest, income taxes, depreciation, amortization and non-underlying items within operating profit.Adjusted EBITDA is calculated as net income plus expenses for interest, income taxes, depreciation and amortization, less interest income and as further adjusted for cash and non-cash acquisition-related expenses (which may include the effect of the fair value adjustment of acquired inventory on cost of goods sold), special charges, stock-based compensation expenses, certain gains or losses (which may include third party fees and expenses and transaction and integration costs).Net leverage is defined as net debt (which is defined as total debt, net of total cash) to Adjusted EBITDAMcCormick and Unilever present non-GAAP financial measures to provide their investors with an additional tool to evaluate McCormick's and Unilever's respective operating results in a manner that focuses on what McCormick and Unilever each believe to be their respective core business operations and what McCormick and Unilever each use to evaluate their respective business operations and for internal budgeting and resource allocation purposes. These non-GAAP measures may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles, and management exercises judgment in determining which items should be excluded in the calculation of non-GAAP measures. The presentation of non-GAAP financial information is not meant to be considered in isolation from, as superior to or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. These non-GAAP financial measures are meant to supplement, and be viewed in conjunction with, the corresponding GAAP financial measures.When possible with respect to non-GAAP financial measures presented with respect to historical periods, McCormick and Unilever provides a reconciliation of their historic non-GAAP financial measures to their most closely applicable GAAP financial measures in the documents filed by McCormick and Unilever with the SEC. McCormick and Unilever, respectively, are unable to provide a reconciliation of certain non-GAAP guidance measures to the corresponding GAAP measures on a forward-looking basis because doing so would not be possible without unreasonable effort due to, among other things, the potential variability and limited visibility of the excluded items and expectations as to the financial performance of each of McCormick and Unilever upon the completion of the merger. For the same reasons, McCormick and Unilever are unable to address the probable significance of the unavailable information. McCormick and Unilever are presenting forward looking non-GAAP financial measures for illustrative purposes and may not report on this basis going forward. Unilever Foods financial figures presented herein are based on management estimates. Audited or reviewed financial statements for Unilever Foods as a standalone business are not yet available, and actual figures may differ materially from those presented herein and from those included in any subsequently prepared financial statements.Combined company measures for historical periods are based on combining McCormick's historical financial results and management's estimates of Unilever Foods's historical financial results, as applicable, without pro forma adjustments and are included for illustrative purposes in order to provide investors with estimates of what the combined company results could have been. Combined company estimates are not pro forma financial measures, are not prepared in accordance with Regulation S-X under the U.S. Securities Act of 1933, as amended, and are not necessarily indicative of the results that actually would have been realized had McCormick and Unilever been a single entity during the relevant periods.In January 2026, McCormick completed its acquisition of an additional 25% ownership interest in McCormick de Mexico, increasing its ownership of McCormick de Mexico to 75%. Prior to the acquisition, McCormick accounted for 50% ownership interest as an equity method investment and recorded our proportional share of earnings as income from unconsolidated operations. The acquisition of the additional ownership interest resulted in the consolidation of McCormick de Mexico's financial results. McCormick FY25 revenue, operating margin and EBITDA figures included in this presentation include 100% of McCormick de Mexico's earnings as if the acquisition was completed at the beginning of fiscal 2025.1Transaction excludes Unilever's food business in India, Nepal and Portugal; its Lifestyle & Nutrition business; its Buavita business; and its Lipton Ready-to-Drink business (together, the "Excluded Businesses").2Combined sales figure represents McCormick's net sales for the fiscal year ended November 30, 2025, and Unilever Foods' net sales for the fiscal year ended December 31, 2025. Unilever Foods' financials based on 2025 reported financials, prepared under IFRS adjusted for the separated Foods business and translated from EUR to USD at the Unilever 2025 average rate of 1.124.3Equivalent to ~€25.3bn based on spot exchange rates of approximately 1.15 as of 03/27/26.4For 'MKC' stock. One-month volume-weighted average price of $58.89 for 'MKC.V ' stock. As of 03/27/26. Per Bloomberg.5Based on Unilever management estimates of EBITDA (Underlying EBITDA defined as net income plus expenses for interest, income taxes, depreciation, amortization and non-underlying items within operating profit) of ~€2.8bn for the fiscal year ended December 31, 2025.6Based on McCormick management estimates of EBITDA (operating income plus depreciation and amortization) of ~$1.5bn for the fiscal year ended November 30, 2025, including adjustment to include McCormick de Mexico earnings for 2025.  See "Non-GAAP and Other Financial Information" for discussion of inclusion of McCormick de Mexico earnings.7CAGR excludes Unilever Foods' Excluded Businesses.8Reflects McCormick including McCormick de Mexico and Unilever Foods excluding Excluded Businesses based on 2025 reported financials, prepared under IFRS adjusted for the separated Foods business and translated from EUR to USD at the Unilever 2025 average rate of 1.124. See "Non-GAAP and Other Financial Information" for discussion of inclusion of McCormick de Mexico earnings.9Reflects McCormick including McCormick de Mexico and Unilever Foods excluding Excluded Businesses based on 2025 reported financials, prepared under IFRS adjusted for the separated Foods business and translated from EUR to USD at the Unilever 2025 average rate of 1.124. See "Non-GAAP and Other Financial Information" for discussion of inclusion of McCormick de Mexico earnings.10Reflects McCormick including McCormick de Mexico and Unilever Foods excluding Excluded Businesses based on 2025 preliminary carve-out financial information, prepared under IFRS and translated from EUR to USD at the Unilever 2025 average rate of 1.124. See "Non-GAAP and Other Financial Information" for discussion of inclusion of McCormick de Mexico earnings.



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Original: McCormick to Combine with Unilever's Foods Business, Creating a Preeminent Global Flavor-Focused Company

McCormick to Combine with Unilever's Foods Business, Creating a Preeminent Global Flavor-Focused CompanyMarch 31, 2026 7:55 AM
PR Newswire (US)

Combines Complementary, Strategically and Culturally Aligned Businesses with Strong Momentum and Iconic Brands that Meet Consumers' Growing Demand for FlavorCreates a Growth-Focused, Resilient Company Backed by McCormick's Proven Track Record of Successful Integrations of Iconic BrandsExpected to be Accretive to McCormick's Net Sales Growth Rate, Operating Margin and Adjusted EPS in First Full YearExpected Annual Run-Rate Cost Synergies of $600 Million Net of Reinvestments; Expect to Achieve by Year 3, with Approximately Two-Thirds by Year 2 $100 Million of Incremental Synergies from Cost and Revenue to be Reinvested in GrowthCombined Company to be Led by McCormick Leadership, with Senior Management Representation from Unilever FoodsMcCormick to Maintain its Name, Global Headquarters in Hunt Valley, Maryland, and NYSE Listing, with International Headquarters in the NetherlandsMcCormick Expected to Maintain Commitment to its Dividend Payment Consistent with its History McCormick to Host Call with Unilever CEO Today at 8:00 a.m. Eastern TimeHUNT VALLEY, Md., and LONDON, March 31, 2026 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC) ("McCormick") and Unilever PLC (LSE: ULVR / NYSE: UL) ("Unilever"), today announced that they have entered into an agreement to combine McCormick with Unilever's Foods business excluding India and other excluded businesses1 ("Unilever Foods"), creating a global flavor leader in attractive and high-growth categories with approximately $20 billion in combined fiscal year 2025 revenue.2Under the terms of the agreement and upon closing of the transaction, Unilever and its shareholders are expected to receive shares equating to 65.0% of the fully diluted combined-company outstanding equity, equivalent to $29.1 billion3 based on McCormick's one-month volume-weighted average price of $57.84.4 Unilever will also receive $15.7 billion in cash, subject to certain closing adjustments. This implies an Enterprise Value for Unilever Foods of approximately $44.8 billion, or approximately 13.8x fiscal year 2025 EBITDA.5 In addition, this reflects an enterprise value for McCormick of approximately $21.0 billion, or approximately 13.8x fiscal year 2025 EBITDA.6Upon closing of the transaction, Unilever shareholders are expected to own 55.1%, McCormick shareholders will own 35.0% and Unilever is expected to own 9.9% of the fully diluted combined-company outstanding equity. The transaction is not expected to give rise to U.S. federal income tax for Unilever or its shareholders, thereby mitigating some of the overall tax costs associated with the transaction.The combination brings together two industry-leading organizations with complementary global footprints and portfolios of iconic brands across herbs, spices, seasonings, cooking aids, condiments and sauces. The combined company is expected to benefit from expanded global reach, enhanced scale across retail and foodservice channels and greater resources to invest in innovation, brand-building and global distribution.Brendan Foley, Chairman, President and Chief Executive Officer of McCormick, said, "This transformative combination accelerates McCormick's strategy and reinforces our continued focus on flavor. The Unilever Foods business is one we have long admired, with a portfolio that complements our existing business, capabilities and long-term vision. Together, we will be better positioned to accelerate growth in attractive categories. This combination will create a diversified flavor leader with a robust growth profile that remains differentiated by its focus on flavoring calories while others compete for them.""Unilever Foods' global portfolio of strong brands, combined with our proven expertise in insight-driven brand-building and integration, will enable us to deliver flavor in new and exciting ways for more consumers, driving significant growth across the combined portfolio and value for all stakeholders. Integrating two global organizations of this scale requires disciplined execution, and we are confident that our detailed integration roadmap, experienced teams from McCormick and Unilever, external advisors and our strong partnership will enable us to capture the full value of this opportunity. McCormick is the right partner for Unilever Foods' brands and employees, and our shared culture and values will empower our combination. We are excited to welcome their exceptional talent and international expertise to our Power of People culture."Fernando Fernández, Chief Executive Officer of Unilever, said, "For Unilever, this transaction is another decisive step in sharpening our portfolio and accelerating our strategy towards high-growth categories as a €39 billion pureplay HPC company with a proven sector-leading growth profile. We are unlocking trapped value through a growth-led separation of Foods, creating a scaled, global flavor powerhouse. By combining Unilever Foods' iconic leading brands and global reach with McCormick's exceptional portfolio, category expertise and capabilities, we are establishing a focused, high-quality business with significant top line growth and value creation potential.""This is a combination built on strong strategic and cultural alignment, providing exciting opportunities for our people and ensuring our Foods brands continue to thrive as part of a global flavor leader. Our retained ownership stake reflects our conviction in the strength of the combined company and its future prospects."Unilever Foods has a global portfolio of flavoring and cooking aids, condiments, sauces and other food products, led by iconic brands Knorr and Hellmann's, which comprise approximately 70% of sales. Knorr, a household name in more than 90 countries around the world, serves more than five billion consumers worldwide, and Hellmann's, one of the world's leading mayonnaise brands, reaches consumers in more than 65 countries. Alongside these global power brands, Unilever Foods' portfolio includes a wide array of local brands across EMEA, Latin America and APAC. The business has achieved an underlying sales CAGR of approximately 2.8% over the past two years, supported by consistent volume growth.7Unilever Foods' assets are a highly complementary fit with McCormick's portfolio of iconic brands, which include McCormick, French's, Frank's RedHot, Cholula, Stubb's, OLD BAY and Lawry's, and its 137-year history of flavoring foods for every cuisine and trend. In addition to retail and branded foodservice offerings, McCormick develops custom flavors and condiments for customers as well as its own products within its Flavor Solutions segment.Combines Two High-Performing, Highly Complementary Businesses with Significant Growth OpportunitiesAdvances growth in attractive categories: Unilever Foods and McCormick bring together a portfolio of global, well-invested iconic leading brands, breakthrough brands and local favorites across developed and emerging regions. The combined company will have a deepened focus on flavoring and enhancing foods across categories with attractive consumer tailwinds, including increased protein consumption and cooking at home.Unlocks revenue synergies across McCormick and Unilever Foods businesses: The combination is positioned to unlock new regions, flavors, innovation and consumption occasions in both retail and foodservice channels across the combined business. McCormick's brands will benefit from greater access to high-growth regions in EMEA, Latin America and APAC served by Unilever Foods' extensive infrastructure and distribution. Unilever Foods' brands will have an enhanced strategic runway for growth in North America, where McCormick has a stronger profile and capabilities.Creates a leading global foodservice platform: The combined company will benefit from a combined foodservice platform with broad global distribution capabilities and customer recognition, supported by McCormick's front-of-house strength and Unilever Foods' chef-led, back-of-house strength. Together, the combined foodservice platform will have approximately $6 billion in fiscal year 2025 combined company sales.8Combines differentiated technical expertise: McCormick is committed to remaining a flavor focused business and will integrate and leverage Unilever Foods' technology capabilities, R&D centers and manufacturing footprint. The total breadth of flavor insights, advanced technology and technical expertise across R&D, marketing and supply chain will further strengthen resources to drive acceleration in innovation and product development for the combined company and its customers.Builds on McCormick's history of accretive M&A and brand-building: McCormick has a successful history of integrating leading flavor brands and investing in and accelerating their performance, including Lawry's, Cholula, French's and Red Hot. In these cases, the McCormick team achieved accretion to growth, synergies and earnings targets while enhancing brand equity and consumption growth for the brands.Unites two culturally aligned, purpose-led organizations: The combination is founded in exceptional talent, technology and capabilities from two successful organizations with complementary geographic expertise. McCormick and Unilever share a commitment to conducting business with high ethical standards and social responsibility, and these values will continue to guide operations at the combined company.Attractive Financial Profile Positions Company for Continued Volume-Driven Growth and Value CreationPositioned for accelerated growth in flavor categories with structurally growing demand: Shareholders of the combined company are expected to benefit from the combination of two high-performing businesses that have consistently delivered volume growth. In 2025, Unilever Foods and McCormick together grew at approximately 2.4%, well above their peers in these categories.9 The combined company is expected to target a growth rate of 3 to 5% in year 3, supported by increased investment and volume-driven revenue opportunities. The portfolio of the combined company will be focused on categories benefiting from growing consumer trends, including increased demand for flavors both at home and away from home, and complementary to the rising demand for protein and produce.Supports value creation through realization of substantial synergies: The combined company expects to realize approximately $600 million in run-rate annual cost synergies, net of growth reinvestments. These cost synergies are projected to be captured over a three-year period, with approximately two-thirds of the synergies realized by the end of year two, driven by procurement, manufacturing and SG&A. One-time expenditures to achieve these synergies are estimated to be approximately $300 million. Approximately $100 million incremental cost and revenue synergies will be reinvested to further drive growth.Enables attractive and sustainable margin profile, supporting resilience and enabling reinvestment: On a combined basis, McCormick and Unilever Foods had combined company 2025 adjusted EBITDA of $4.7 billion and an operating income margin of approximately 21%.10 Including estimated run-rate synergies, the expected operating income margin for the combined company for the third year post-closing is expected to be approximately 23 to 25%.Reinforces long-term balance sheet stability and commitment to shareholder returns: The combined company is expected to deliver strong cash flow from operations, providing a clear path to reduce net leverage from an estimated 4.0x or less at closing to 3.0x within two years post-closing. Additionally, both McCormick and Unilever have long-standing commitments to shareholder returns and historically have had dividend payout ratios of approximately 60%. The combined company expects to maintain a dividend consistent with this history.Integration planning is a key priority: Both organizations have already started extensive planning for integrating two global organizations of this scale. The companies have already planned out a detailed integration roadmap, with experienced team members from McCormick and Unilever, and external advisors. The combined company is well positioned to execute the integration effectively and capture the full value of the combination.Leadership, Governance, Listing and HeadquartersUpon closing of the transaction, Brendan Foley is expected to remain Chairman, President and Chief Executive Officer of McCormick, and Marcos Gabriel is expected to remain Executive Vice President and Chief Financial Officer. Executives from both companies will serve in key leadership roles. Upon closing, Unilever will appoint four of twelve members of the combined company Board of Directors. In addition, one Unilever executive is expected to serve as one of the four directors appointed for two years to support a successful integration.McCormick will maintain its Global Headquarters in Hunt Valley, Maryland, and have an International Headquarters in the Netherlands. Unilever Foods has a long-standing presence in the Netherlands, which is home to its world-leading R&D capability that supports its deep sector expertise. Management views this capability as a core strength of the combined company and intends to maintain a substantial presence in the Netherlands. The combined company is planning to have a secondary stock listing in Europe to reflect the global nature of Unilever's current shareholder base.As part of a larger, flavor-focused company, employees of both businesses will gain access to expanded career growth and professional development opportunities.Transaction DetailsUnder the terms of the agreement and upon closing of the transaction, McCormick will issue a proportionate mix of McCormick's existing voting and non-voting common stock equating to 65.0% of the fully diluted combined-company outstanding equity to Unilever and Unilever's shareholders, which is expected to result in current Unilever shareholders owning 55.1% of each class of the fully diluted combined company's equity and current McCormick shareholders owning 35.0% of each class. Unilever is expected to own 9.9% of each class of the fully diluted combined company equity and is committed to an orderly sell-down over time. Under the terms of the agreement, Unilever will also receive a one-time $15.7 billion cash payment, subject to certain closing adjustments.The separation of Unilever's Foods business from the Unilever Group is expected to be structured as a Reverse Morris Trust transaction that is not expected to give rise to U.S. federal income tax for Unilever or its shareholders. The agreement has been unanimously approved by both the McCormick and Unilever Boards of Directors.Upon closing of the transaction, the combined company's net leverage is expected to be 4.0x or less. The combined company intends to maintain a strong investment grade credit rating and return to 3.0x leverage within two years after closing.McCormick has received $15.7 billion in committed bridge financing from Citigroup Global Markets Inc., Goldman Sachs Bank USA and Morgan Stanley Senior Funding, Inc., and intends to fund the cash component of the purchase price through a combination of cash from its balance sheet and proceeds from new debt issuance.The transaction is expected to close by mid 2027, subject to McCormick shareholders' approval, receipt of required regulatory approvals and the satisfaction of other customary closing conditions. Works council consultation will be conducted prior to the closing of the transaction.McCormick First Quarter 2026 Financial ResultsIn a separate press release today, McCormick reported its first quarter 2026 financial results. The McCormick release can be found at https://ir.mccormick.com/financial-information. McCormick's first quarter results reflected strong growth in sales, adjusted operating income and adjusted earnings per share, supported by the McCormick de Mexico acquisition and organic growth across both Consumer and Flavor Solutions. McCormick reaffirmed its previously issued full-year guidance for fiscal 2026, which is not impacted by this transaction.AdvisorsCiti and Rothschild & Co are acting as financial advisors to McCormick, and Cleary Gottlieb Steen & Hamilton LLP and Hogan Lovells are acting as legal advisors.Goldman Sachs International and Morgan Stanley & Co. International plc are acting as financial advisors and corporate brokers to Unilever. Clifford Chance LLP and Wachtell Lipton Rosen & Katz are acting as legal advisors to Unilever.Conference Call and WebcastMcCormick management will host a conference call with Unilever Chief Executive Officer Fernando Fernández today, March 31, 2026, at 8:00 a.m. Eastern Time to discuss the transaction at the same time as McCormick's previously announced first-quarter 2026 earnings conference call.Investors and all other interested parties can access a live, listen-only audio webcast of the call on the McCormick and Unilever websites at https://ir.mccormick.com and https://www.unilever.com/investors. Those unable to listen to the live webcast can access a recorded version of the call on either company's investor website Past Events, shortly after the live call's conclusion.Additional information and materials related to the transaction can be found at www.globalflavorleader.com. About McCormickMcCormick & Company, Incorporated is a global leader in flavor. With approximately $7 billion in annual sales across 150 countries and territories, we manufacture, market, and distribute herbs, spices, seasonings, condiments and flavors to the entire food and beverage industry including retailers, food manufacturers and foodservice businesses. Our most popular brands with trademark registrations include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane, Gourmet Garden, FONA and Giotti. The breadth and reach of our portfolio uniquely position us to capitalize on the consumer demand for flavor in every sip and bite, through our products and our customers' products. We operate in two segments, Consumer and Flavor Solutions, which complement each other and reinforce our differentiation. The scale, insights, and technology that we leverage from both segments are meaningful in driving sustainable growth.Founded in 1889 and headquartered in Hunt Valley, Maryland USA, McCormick is committed to its Purpose – To Make Life More Flavorful – and driven by its Vision - To be the World's Most Trusted Source of Flavor.To learn more, visit: www.mccormickcorporation.com or follow McCormick & Company on Instagram and LinkedIn.About UnileverUnilever is one of the world's leading suppliers of Beauty & Wellbeing, Personal Care, Home Care and Foods products, with sales in over 190 countries and products used by 3.7 billion people every day. We have 96,000 employees and generated sales of €50.5 billion in 2025.For more information about Unilever and our brands, please visit www.unilever.com.For information contact:Investor Relations:
Faten Freiha - faten_freiha@mccormick.com Media Relations:
MKCmedia@fticonsulting.comMcCormick Cautionary Statement Regarding Forward Looking StatementsCertain information contained in this document that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. These statements may be identified by the use of words such as "will," "aim," "expects," "anticipates," "intends," "looks," "believes," "vision," "ambition," "target," "goal," "plan," "potential," "work towards," "may," "milestone," "objectives," "outlook," "probably," "project," "risk," "continue," "should," "would be," "seeks," or the negative of these terms and other similar expressions of future performance, results, actions or events, and their negatives, are intended to identify such forward-looking statements. Forward-looking statements can be made in writing but also may be made verbally by directors, officers and employees of McCormick. The forward-looking statements contained in this document include, without limitation, the anticipated benefits of, and our plans, strategies and objectives relating to, the pending transaction with Unilever Foods.These and other forward-looking statements are based on management's current views and assumptions. They are not historical facts, nor are they guarantees of future performance or outcomes. Many risks, uncertainties and other factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: (i) the parties' ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transaction, including changes in relevant tax and other applicable laws, and the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction agreement; (ii) the failure to obtain necessary regulatory approvals, approval of our shareholders, anticipated tax treatment or any required financing, or to satisfy any of the other conditions to the transaction, including the risks that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction, may require conditions, limitations or restrictions in connection with such approvals or that such regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction; (iii) the risk that the proposed transaction may not be completed on the terms or in the time frame expected by the parties, or at all; (iv) direct transaction costs and substantial transition and integration-related costs associated with the proposed transaction with Unilever Foods; (v) the possibility that unforeseen liabilities, future capital expenditures, revenues, expenses, charges, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies resulting from the transaction or otherwise could adversely impact anticipated combined company metrics and/or the value or expected benefit of, timing or pursuit of the transaction; (v) the risks and costs of the pursuit and/or implementation of the anticipated separation of Unilever Foods' business, including the anticipated timing required to complete the separation, any adjustment to the terms of the transaction and any changes to the configuration of the businesses included in the separation if implemented; (vi) uncertainties as to McCormick's access to available financing to consummate the transaction upon acceptable terms and on a timely basis or at all; (vii) the failure to obtain the effectiveness of the registration statements for the transaction or receipt of McCormick shareholder approval for the transaction and certain related matters; (viii) the risk that combined company financial information relating to the transaction, including anticipated combined company revenues, earnings, cash flows, capital expenditures, indebtedness and other financial metrics of the combined company; (ix) the risk that the anticipated ownership percentages of McCormick shareholders, Unilever shareholders and Unilever following the closing of the transaction may differ from those expected; (x) the effect of the announcement or pendency of the transaction on Unilever Foods' or McCormick's business relationships, competition, business, financial condition and operating results, including risks that the transaction disrupts current plans and operations of Unilever Foods or McCormick, the ability of Unilever Foods or McCormick to retain and hire key personnel, risks related to diverting either management team's attention from ongoing business operations, and risks associated with third-party contracts containing consent and/or other provisions that may be triggered by the transaction; (xi) the ability of McCormick to successfully integrate Unilever Foods' operations and implement its plans, forecasts and other expectations with respect to Unilever Foods' business or the combined business after the closing of the transaction; (xii) the ability of McCormick to manage additional debt and successfully de-lever following the transaction; and (xiii) the outcome of any legal proceedings that may be instituted against Unilever Foods or McCormick related to the transaction; and other risks described in the company's filings with the Securities and Exchange Commission ("SEC"), including McCormick's Annual Report on Form 10-K for the year ended November 30, 2025 and Quarterly Report on Form 10-Q for the quarter ended February 28, 2026. Actual results could differ materially from those projected in the forward-looking statements. The company undertakes no obligation to update or revise publicly, any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.Unilever Cautionary Statement Regarding Forward Looking StatementsThis document may contain forward-looking statements within the meaning of the securities laws of certain jurisdictions, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words and terminology such as 'will', 'aim', 'expects', 'anticipates', 'intends', 'looks', 'believes', 'vision', 'ambition', 'target', 'goal', 'plan', 'potential', 'work towards', 'may', 'milestone', 'objectives', 'outlook', 'probably', 'project', 'risk', 'continue', 'should', 'would be', 'seeks', or the negative of these terms and other similar expressions of future performance, results, actions or events, and their negatives, are intended to identify such forward-looking statements. Forward-looking statements also include, but are not limited to, statements and information regarding the pending transaction of Unilever Foods with McCormick. Forward-looking statements can be made in writing but also may be made verbally by directors, officers and employees of the Unilever Group. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Unilever Group. They are not historical facts, nor are they guarantees of future performance or outcomes. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained in this section. Readers should not place undue reliance on forward-looking statements. Because these forward-looking statements involve known and unknown risks and uncertainties, a number of which may be beyond the Unilever Group's control, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Among other risks and uncertainties, the material or principal factors which could cause actual results to differ materially from the forward-looking statements expressed in this announcement are: the parties' ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transaction, including changes in relevant tax and other applicable laws, and the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction agreement, the failure to obtain necessary regulatory approvals, approval of McCormick shareholders, anticipated tax treatment or any required financing, or to satisfy any of the other conditions to the transaction, including the risks that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction, may require conditions, limitations or restrictions in connection with such approvals or that such regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction; the risk that the proposed transaction may not be completed on the terms or in the time frame expected by the parties, or at all; direct transaction costs and substantial transition and integration-related costs associated with the proposed transaction with Unilever Foods; the possibility that unforeseen liabilities, future capital expenditures, revenues, expenses, charges, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies resulting from the transaction or otherwise could adversely impact anticipated combined company metrics and/or the value or expected benefit of, timing or pursuit of the transaction, the risk that the anticipated ownership percentages of McCormick shareholders, Unilever shareholders and Unilever following the closing of the transaction may differ from those expected, the risks and costs of the pursuit and/or implementation of the anticipated separation of Unilever Foods' business, including the anticipated timing required to complete the separation, any adjustment to the terms of the transaction and any changes to the configuration of the businesses included in the separation if implemented, uncertainties as to McCormick's access to available financing to consummate the transaction upon acceptable terms and on a timely basis or at all, the failure to obtain the effectiveness of the registration statements for the transaction or receipt of McCormick shareholder approval for the transaction and certain related matters, the effect of the announcement or pendency of the transaction on Unilever Foods' or McCormick's business relationships, competition, business, financial condition and operating results, including risks that the transaction disrupts current plans and operations of Unilever Foods or McCormick, the ability of Unilever Foods or McCormick to retain and hire key personnel, risks related to diverting either management team's attention from ongoing business operations, and risks associated with third-party contracts containing consent and/or other provisions that may be triggered by the transaction; the ability of McCormick to successfully integrate Unilever Foods' operations and implement its plans, forecasts and other expectations with respect to Unilever Foods' business or the combined business after the closing of the transaction; the ability of McCormick to manage additional debt and successfully de-lever following the transaction; the outcome of any legal proceedings that may be instituted against Unilever Foods or McCormick related to the transaction; Unilever's ability to innovate and remain competitive; Unilever's investment choices in its portfolio management; the effect of climate change on Unilever' business; Unilever' ability to find sustainable solutions to its plastic packaging; significant changes or deterioration in customer relationships; the recruitment and retention of talented employees; disruptions in Unilever' supply chain and distribution; increases or volatility in the cost of raw materials and commodities; the production of safe and high-quality products; secure and reliable IT infrastructure; execution of acquisitions, divestitures and business transformation projects; economic, social and political risks and natural disasters; financial risks; failure to meet high and ethical standards; and managing regulatory, tax and legal matters and practices with regard to the interpretation and application thereof and emerging and developing ESG reporting standards including differences in implementation of climate and sustainability policies in the regions where the Unilever Group operates. Risk with respect to McCormick are further described in its filings with the US Securities and Exchange Commission ("SEC"), including McCormick's Annual Report on Form 10-K for the year ended November 30, 2025 and Quarterly Report on Form 10-Q for the quarter ended February 28, 2026. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Forward-looking statements are not predictions of future events. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity and results of operations may vary materially from those expressed in our forward-looking statements. The forward-looking statements speak only as of the date of this announcement. Except as required by any applicable law or regulation, the Unilever Group expressly disclaims any intention, obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Unilever Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual events, to differ materially from those contained in any forward-looking statements. Further details of potential risks and uncertainties affecting the Unilever Group are described in the Unilever Group's filings with the London Stock Exchange, Euronext Amsterdam and the SEC, including in the Annual Report on Form 20-F 2025 and the Unilever Annual Report and Accounts 2025.

No Offer or SolicitationThis document is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.Important Information and Where to Find It This document relates to a proposed transaction among McCormick, Unilever and Unilever Foods. The parties intend to file relevant materials with the SEC, including, among other filings, a registration statement on Form S-4 to be filed by McCormick with the SEC, which will include a document that serves as a proxy statement/prospectus of McCormick in connection with the anticipated separation of Unilever Foods from Unilever and combination with McCormick, and a registration statement on Form 10 to be filed by Unilever Foods entity that serve as an information statement/prospectus in connection with the spin-off of Unilever Foods from Unilever. Each party will also file other documents regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENTS, INFORMATION STATEMENTS, PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.Investors and security holders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by McCormick, Unilever Foods or Unilever through the website maintained by the SEC at www.sec.gov. The documents filed by McCormick with the SEC also may be obtained free of charge at McCormick's website at https://ir.mccormick.com/ or upon written request to McCormick & Company, Incorporated, 24 Schilling Road, Suite 1, Hunt Valley, Maryland 21031, Attention: Investor Relations Department. The documents filed by Unilever Foods or Unilever with the SEC also may be obtained free of charge at upon written request to Unilever, Investor Relations Department, 100 Victoria Embankment, London EC4Y 0DY, United Kingdom.Participants in SolicitationMcCormick and Unilever and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from McCormick's shareholders in connection with the proposed transaction. Information about McCormick's directors and executive officers and their ownership of McCormick's common stock is set forth in McCormick's proxy statement for its 2025 Annual Meeting of Shareholders on Schedule 14A filed with the SEC on February 18, 2026. To the extent that holdings of McCormick's securities have changed since the amounts printed in McCormick's proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the direct and indirect interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. Information about the directors and executive officers of Unilever is set forth in its Annual Report on Form 20-F for the year ended December 31, 2025, which was filed with the SEC on March 12, 2026. You may obtain free copies of these documents as described in the preceding paragraph.Non-GAAP and Other Financial InformationThis document includes the following financial measures that are not in accordance with U.S. generally accepted accounting principles ("GAAP").McCormick EBITDA is defined as operating income plus depreciation and amortization.Unilever Underlying EBITDA defined as net income plus expenses for interest, income taxes, depreciation, amortization and non-underlying items within operating profit.Adjusted EBITDA is calculated as net income plus expenses for interest, income taxes, depreciation and amortization, less interest income and as further adjusted for cash and non-cash acquisition-related expenses (which may include the effect of the fair value adjustment of acquired inventory on cost of goods sold), special charges, stock-based compensation expenses, certain gains or losses (which may include third party fees and expenses and transaction and integration costs).Net leverage is defined as net debt (which is defined as total debt, net of total cash) to Adjusted EBITDAMcCormick and Unilever present non-GAAP financial measures to provide their investors with an additional tool to evaluate McCormick's and Unilever's respective operating results in a manner that focuses on what McCormick and Unilever each believe to be their respective core business operations and what McCormick and Unilever each use to evaluate their respective business operations and for internal budgeting and resource allocation purposes. These non-GAAP measures may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles, and management exercises judgment in determining which items should be excluded in the calculation of non-GAAP measures. The presentation of non-GAAP financial information is not meant to be considered in isolation from, as superior to or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. These non-GAAP financial measures are meant to supplement, and be viewed in conjunction with, the corresponding GAAP financial measures.When possible with respect to non-GAAP financial measures presented with respect to historical periods, McCormick and Unilever provides a reconciliation of their historic non-GAAP financial measures to their most closely applicable GAAP financial measures in the documents filed by McCormick and Unilever with the SEC. McCormick and Unilever, respectively, are unable to provide a reconciliation of certain non-GAAP guidance measures to the corresponding GAAP measures on a forward-looking basis because doing so would not be possible without unreasonable effort due to, among other things, the potential variability and limited visibility of the excluded items and expectations as to the financial performance of each of McCormick and Unilever upon the completion of the merger. For the same reasons, McCormick and Unilever are unable to address the probable significance of the unavailable information. McCormick and Unilever are presenting forward looking non-GAAP financial measures for illustrative purposes and may not report on this basis going forward. Unilever Foods financial figures presented herein are based on management estimates. Audited or reviewed financial statements for Unilever Foods as a standalone business are not yet available, and actual figures may differ materially from those presented herein and from those included in any subsequently prepared financial statements.Combined company measures for historical periods are based on combining McCormick's historical financial results and management's estimates of Unilever Foods's historical financial results, as applicable, without pro forma adjustments and are included for illustrative purposes in order to provide investors with estimates of what the combined company results could have been. Combined company estimates are not pro forma financial measures, are not prepared in accordance with Regulation S-X under the U.S. Securities Act of 1933, as amended, and are not necessarily indicative of the results that actually would have been realized had McCormick and Unilever been a single entity during the relevant periods.In January 2026, McCormick completed its acquisition of an additional 25% ownership interest in McCormick de Mexico, increasing its ownership of McCormick de Mexico to 75%. Prior to the acquisition, McCormick accounted for 50% ownership interest as an equity method investment and recorded our proportional share of earnings as income from unconsolidated operations. The acquisition of the additional ownership interest resulted in the consolidation of McCormick de Mexico's financial results. McCormick FY25 revenue, operating margin and EBITDA figures included in this presentation include 100% of McCormick de Mexico's earnings as if the acquisition was completed at the beginning of fiscal 2025.1Transaction excludes Unilever's food business in India, Nepal and Portugal; its Lifestyle & Nutrition business; its Buavita business; and its Lipton Ready-to-Drink business (together, the "Excluded Businesses").2Combined sales figure represents McCormick's net sales for the fiscal year ended November 30, 2025, and Unilever Foods' net sales for the fiscal year ended December 31, 2025. Unilever Foods' financials based on 2025 reported financials, prepared under IFRS adjusted for the separated Foods business and translated from EUR to USD at the Unilever 2025 average rate of 1.124.3Equivalent to ~€25.3bn based on spot exchange rates of approximately 1.15 as of 03/27/26.4For 'MKC' stock. One-month volume-weighted average price of $58.89 for 'MKC.V' stock. As of 03/27/26. Per Bloomberg.5Based on Unilever management estimates of EBITDA (Underlying EBITDA defined as net income plus expenses for interest, income taxes, depreciation, amortization and non-underlying items within operating profit) of ~€2.8bn for the fiscal year ended December 31, 2025.6Based on McCormick management estimates of EBITDA (operating income plus depreciation and amortization) of ~$1.5bn for the fiscal year ended November 30, 2025, including adjustment to include McCormick de Mexico earnings for 2025.  See "Non-GAAP and Other Financial Information" for discussion of inclusion of McCormick de Mexico earnings.7CAGR excludes Unilever Foods' Excluded Businesses.8Reflects McCormick including McCormick de Mexico and Unilever Foods excluding Excluded Businesses based on 2025 reported financials, prepared under IFRS adjusted for the separated Foods business and translated from EUR to USD at the Unilever 2025 average rate of 1.124. See "Non-GAAP and Other Financial Information" for discussion of inclusion of McCormick de Mexico earnings.9Reflects McCormick including McCormick de Mexico and Unilever Foods excluding Excluded Businesses based on 2025 reported financials, prepared under IFRS adjusted for the separated Foods business and translated from EUR to USD at the Unilever 2025 average rate of 1.124. See "Non-GAAP and Other Financial Information" for discussion of inclusion of McCormick de Mexico earnings.10Reflects McCormick including McCormick de Mexico and Unilever Foods excluding Excluded Businesses based on 2025 preliminary carve-out financial information, prepared under IFRS and translated from EUR to USD at the Unilever 2025 average rate of 1.124. See "Non-GAAP and Other Financial Information" for discussion of inclusion of McCormick de Mexico earnings. 



View original content:https://www.prnewswire.com/news-releases/mccormick-to-combine-with-unilevers-foods-business-creating-a-preeminent-global-flavor-focused-company-302729955.htmlSOURCE McCormick & Company, Incorporated

Original: McCormick to Combine with Unilever's Foods Business, Creating a Preeminent Global Flavor-Focused Company

Beyond Meat $BYND does not use GMOs. Unilever $UL uses GMO-derived oils and ingredients in spreads, dressings, and packaged foods.

Beyond Meat $BYND does not use vaccines or bioengineered ingredients.

Unlike these companies are using BE ingredients Nestlé $NSRGY, PepsiCo $PEP, General Mills $GIS, Kellanova $K, Coca-Cola $KO, Campbell $CPB, Conagra $CAG, Kraft Heinz $KHC, Mondelez $MDLZ, and Unilever $UL. $UL

$UL Total Debt (mrq) $32.02B Book value only $7.26. Bloated and Overbought

Make it make sense pic.twitter.com/AOTOeTRKBy— Died Suddenly (@DiedSuddenly_) May 10, 2025 $UL

"Oral-B Glide dental floss is made of Teflon and currently the subject of a class action suit alleging it "likely contains" harmful PFAs" Oral-B Glide dental floss is made of Teflon and currently the subject of a class action suit alleging it "likely contains" harmful PFAs. https://t.co/Fcs93Fd8uV pic.twitter.com/81w8qTlZLc— Bad Spit (@BadSpit) August 1, 2023 #MAHA $UL

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176173916 $UL

$UL Total Debt (mrq) $32.05B

$UL is Parent company of Ben & Jerry's, Ben & Jerry's appears to be maintaining their programs in diversity, equity, and inclusion (DEI) despite President Trump issuing Executive Order 14151, titled “Ending Radical and Wasteful Government DEI Programs and Preferencing,”

Took a nice short position today. Dove went woke and will turn UL broke. Shameful Dove hired a fat BLM activist that destroyed a white students life by pulling an AL Sharpton type lie and then admitting she heard the statement incorrectly after it was too late. Dylan hurt BUD badly but this will hurt UL even more. My short at BUD is working out quite well.

Another corp that went woke…how many billions will be flushed because the Dutch have gone mad?

It’s funny for me to read about Ben and Jerry’s Ice Cream having Legal troubles with Multinational User Group, Unilever.

I was at the Grand Opening of Ben and Jerry’s at the old Gas Station, in Burlington, in the ’70’s and remember the beautiful hairy legged Vermont girl in a cotton dress, yelling for someone to;

Run to Grand Union to get Oreos for the Cookies and Cream!

Murph and Benj, otherwise known as Mountain Mime, acrobatic jugglers, were the outside entertainment for the Celebration. It was a beautiful Sunday. Hippies and Street Performers, on their way.

Murph, morphed his Brand, solo, on the College Circuit, had a sold out One Man Show on Broadway as “The Physical Comedian,” was successful in the Stock Market, now lives on a golf course in Stowe.

Benji, invented Acro Sage, basically two person acrobatic massage with a base person supporting someone from below, on their back, manipulating the top person in a series of positions. He was unable to secure the Brand. Its now known as, inverted Yoga or something.

He now lives on the Big Island in Hawaii offering musical performance and spiritual awareness. He was also a founding member of The Hawaii Volcano Circus which, exists now at “Space,” an Educational Workshop for Developing Youth through Circus Arts, in Kehena, a long way from Vermont.

Those were fun days. Cherry Garcia, unavailable in the West Bank, sorry, you gotta Shine Your Love Light first.

Unilever to Cut 15% of Senior Managers as Peltz Adds Pressure
Thomas Buckley

Tue, January 25, 2022, 6:32 AM·2 min read

https://finance.yahoo.com/news/unilever-cull-15-senior-managers-093148786.html

Unilever to Cut 15% of Senior Managers as Peltz Adds Pressure

(Bloomberg) -- Unilever Plc plans to cut 15% of its senior managerial positions to speed decision-making as activist investor Nelson Peltz puts more pressure on the consumer-goods giant.

Alan Jope is making his biggest job cuts since becoming chief executive officer three years ago, eliminating about 1,500 positions as Unilever also reduces junior-management staff by 5%. The company is making ice cream, beauty and personal care independent units as it reorganizes its businesses into five groups. Last week, Unilever said it planned to announce the reorganization.

The shares traded 0.9% lower at 11:25 a.m. in London. Bloomberg earlier reported the company planned to reduce staff.

Jope is at a crucial juncture, coming under increasing pressure to chart a new course as the company’s share price lags rivals.

“We are still not hearing what we want,” Royal Bank of Canada analysts led by James Edwardes Jones wrote. “The new operating model announced today might make divestments easier, but we would prefer them to focus on reinvesting cost savings behind their brands and categories. There’s also no signs of any culture change yet given all new segment heads are Unilever incumbents.”

Among the departing senior managers is Sunny Jain, a former Amazon.com Inc. executive who replaced Jope as president of Unilever’s beauty and personal-care arm in 2019. That business, which has been growing at the slowest pace of Unilever’s three major divisions, is being broken up into two under the new organization.

Unilever’s decision to also separate its Foods and Refreshments business into two separate entities will bring more transparency to the performance of its ice-cream operations, which includes brands such as Ben & Jerry’s, Klondike and Magnum and has been speculated by some analysts as a potential disposal target.

Jope is seeking to reorganize the foods business around healthier habits, aiming to build a portfolio of plant-based meat and dairy alternative brands that will generate 1 billion euros worth of revenue by 2025. He also has expanded in the fast-growing vitamins, minerals and supplements space with the acquisition of Olly Nutrition in 2019.

Unilever last week abandoned its pursuit of GlaxoSmithKline Plc’s consumer-health business after the drugmaker rejected its overtures and investors disparaged the offer. Fund manager Terry Smith called the bid a “near-death experience.” Only days earlier, he had urged Unilever to focus more on fixing its own business than seeking to promote the sustainability ethos of brands such as Hellmann’s mayonnaise.

The company employs about 150,000 people globally.

Peltz’s Trian Fund Management has amassed a holding in Unilever over the past few months, people familiar with the situation said earlier this week. The exact size and Peltz’s intentions couldn’t be immediately learned.

Unilever is unlikely to acquire GlaxoSmithKline’s consumer unit

Unilever update, 19 January 2022
Published: 18/01/2022

https://www.unilever.com/news/press-and-media/press-releases/2022/unilever-update-19-january-2022/

London, 19 January 2022. We note the recently shared financial assumptions from the current owners of GSK Consumer Healthcare and have determined that it does not change our view on fundamental value.

Accordingly, we will not increase our offer above £50bn.

Unilever is committed to maintaining strict financial discipline to ensure that acquisitions create value for our shareholders. Unilever also reiterates its commitment to continuing to improve the performance of its existing portfolio through its ongoing focus on operational excellence, its upcoming reorganization and by rotating the portfolio to higher growth categories.

We look forward to updating on our performance for Q4, and the full year, on February 10th and continued engagement with shareholders.

Rating Action: Moody's affirms Unilever's A1 rating; stable outlook
30 Nov 2020

Milan, November 30, 2020 -- Moody's Investors Service ("Moody's") has today affirmed the A1 long-term issuer rating of Unilever PLC ("Unilever"), as well as the A1 senior unsecured ratings of its subsidiaries, the (P)A1 senior unsecured rating and (P)A2 subordinated rating of the MTN and shelf programmes issued by Unilever and Unilever Capital Corporation ("UCC", A1 stable) and the short-term Prime-1 (P-1) ratings for Commercial Paper issued by Unilever and UCC. The outlook on all ratings is stable. Concurrently the agency has withdrawn all the ratings on Unilever N.V.

The withdrawal of the ratings of Unilever N.V. follows the completion of the unification of the group's corporate structure, as announced by the company on 2 November, 2020 [1]. Effective November 29, Unilever N.V. has been merged into UK-based Unilever PLC, which is now the sole parent of the group. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

"The affirmation of the ratings reflects our view that Unilever will maintain its current financial profile, supported by its solid and predictable cash flow generation derived from its large scale and diversified business profile," says Lorenzo Re, a Moody's Vice President - Senior Analyst and lead analyst for Unilever.

A full list of affected ratings is provided at the end of the press release.

RATINGS RATIONALE

The affirmation of Unilever's A1 rating reflects the group's solid business profile, underpinned by its leading market positions, broad geographical diversification and extensive portfolio of brands. Moody's expects that the company will maintain this strong business profile, despite the challenges caused by the coronavirus pandemic, the weak economic conditions and foreign currency volatility.

The lockdown measures caused by the pandemic will continue to hurt demand for some of the company's products which have a high exposure to out-of-home consumption, but will boost other product categories related to home care and at-home eating. The overall impact is likely to remain modest, although Moody's expects that organic sales growth will slow down to between 1% and 2% in 2020 from 2.9% in 2019 and will remain modest at 2.0%-2.5% per year from 2021.

However, the group's exposure to emerging markets and to moves in foreign-currency exchange rates will add some earnings volatility and limit operating profit growth this year.

Moody's expects Unilever to maintain solid cash flow generation with funds from operations remaining stable at around €8.0 billion in 2020 and improving towards €9.0 billion in the next 24 months. As a result, Moody's expects Unilever's gross debt to EBITDA to remain broadly unchanged in 2020, at 2.7x-2.8x, and to gradually improve towards 2.5x after 2021, and funds from operations (FFO)/net debt to remain between 30%-35% in the next 24 months, which is within the thresholds for the A1 rating.

The rating reflects Unilever's prudent financial policy, including the commitment to maintain at least an A2 rating and the company's 2x net debt/underlying EBITDA maximum leverage target. The shareholder distribution policy is also consistent with the leverage target, with dividend growth reflecting profit growth, while large share buybacks are event driven, that is, aimed at distributing proceeds from asset disposals.

With regards to the corporate unification process completed in November 2020, Moody's views it as credit neutral as it has no implications for the company's credit quality nor for bondholders, which will continue to benefit from a pari passu ranking.

LIQUIDITY

Unilever's liquidity is strong, underpinned by cash and cash equivalents of €4.9 billion and short term financial investments of €1.1 billion as of June 2020, and €7 billion equivalent ($8.0 billion) availability under bilateral committed revolving credit facilities with a 364-day term out options (no lenders' consent needed), that are renewed every year. In addition, the company issued $1 billion of new bonds in September 2020. The debt maturities in the next 12 months (€4.8 billion as of June 2020) are well covered by the available cash and alternative sources of liquidity. Moody's expects the company to continue to post positive free cash flow generation (before M&A and exceptional shareholders' distributions) of €1.6 billion - €1.7 billion in 2021.

Unilever has a well-balanced debt maturity profile, with annual maturities between €2 billion - €3 billion on average.

RATIONALE FOR STABLE OUTLOOK

The stable rating outlook reflects Moody's expectation that Unilever will maintain its sound and predictable cash flow generation, underpinned by a strong brand portfolio and wide geographical diversification. Moody's expects its credit metrics to remain within the thresholds for the A1 rating, with FFO/net debt hovering around 35%.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Positive rating pressure could result if Unilever continues to improve its margins and its Moody's adjusted FFO/net debt rises towards 45%.

Negative rating pressure could build up if Unilever's FFO/net debt declines to below 30% and its Moody's-adjusted EBIT margin remains at or below 16% on a sustained basis. A deviation from the current financial policy that targets a net debt/underlying EBITDA of 2x, could also exert negative pressure on the rating.

LIST OF AFFECTED RATINGS

..Issuer: Bestfoods

Affirmation:

....Backed Senior Unsecured Regular Bond/Debenture, Affirmed A1

Outlook Action:

....Outlook, Remains Stable

..Issuer: Unilever Capital Corporation

Affirmations:

....Backed Commercial Paper, Affirmed P-1

....Backed Subordinate Shelf, Affirmed (P)A2

....Backed Senior Unsecured Shelf, Affirmed (P)A1

....Backed Senior Unsecured Medium-Term Note Program, Affirmed (P)A1

....Backed Senior Unsecured Regular Bond/Debenture, Affirmed A1

Outlook Action:

....Outlook, Remains Stable

..Issuer: Unilever Finance Netherlands B.V.

Affirmation:

....Backed Senior Unsecured Regular Bond/Debenture, Affirmed A1

Outlook Action:

....Outlook, Remains Stable

..Issuer: Unilever PLC

Affirmations:

....Commercial Paper, Affirmed P-1

....Long-term Issuer Rating, Affirmed A1

....Backed Senior Unsecured Medium-Term Note Program, Affirmed (P)A1

....Backed Senior Unsecured Regular Bond/Debenture, Affirmed A1

Outlook Action:

....Outlook, Remains Stable

..Issuer: Unilever N.V.

Withdrawals:

....Long-term Issuer Rating, Withdrawn , previously rated A1

....Senior Unsecured Commercial Paper, Withdrawn , previously rated A1

....Senior Unsecured Commercial Paper, Withdrawn , previously rated P-1

....Backed Senior Unsecured Medium-Term Note Program, Withdrawn , previously rated (P)A1

Outlook Action:

....Outlook, Changed To Rating Withdrawn From Stable

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Consumer Packaged Goods Methodology published in February 2020 and available at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1202237. Alternatively, please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.

COMPANY PROFILE

With revenue of €52 billion and €8.7 billion operating profit in 2019, Unilever is one of the largest consumer products companies worldwide. It operates in three segments: Beauty and Personal Care, Foods and Refreshment, and Home Care. Unilever has a significant global presence, with products sold in more than 190 countries, and a strong exposure to emerging markets, which represented 60% of its revenue in 2019.

REGULATORY DISCLOSURES

For further specification of Moody's key rating assumptions and sensitivity analysis, see the sections Methodology Assumptions and Sensitivity to Assumptions in the disclosure form. Moody's Rating Symbols and Definitions can be found at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004.

For ratings issued on a program, series, category/class of debt or security this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series, category/class of debt, security or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.

For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.

The ratings have been disclosed to the rated entity or its designated agent(s) and issued with no amendment resulting from that disclosure.

These ratings are solicited. Please refer to Moody's Policy for Designating and Assigning Unsolicited Credit Ratings available on its website www.moodys.com.

Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.

Moody's general principles for assessing environmental, social and governance (ESG) risks in our credit analysis can be found at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1133569.

REFERENCES/CITATIONS

[1] Unilever press release "Unification of Unilever's Corporate Structure -- Court Approval", November 2, 2020, published on the company's website https://www.unilever.com/Images/unification-of-unilevers-corporate-structure-court-approval_tcm244-556101_en.pdf.

Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.

Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.

Lorenzo Re
Vice President - Senior Analyst
Corporate Finance Group
Moody's Italia S.r.l
Corso di Porta Romana 68
Milan 20122
Italy
JOURNALISTS: 44 20 7772 5456
Client Service: 44 20 7772 5454
Ivan Palacios
Associate Managing Director
Corporate Finance Group
JOURNALISTS: 44 20 7772 5456
Client Service: 44 20 7772 5454
Releasing Office:
Moody's Italia S.r.l
Corso di Porta Romana 68
Milan 20122
Italy
JOURNALISTS: 44 20 7772 5456
Client Service: 44 20 7772 5454

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Unilever adds Smartypants Vitamins in healthcare market acquisition

Nov. 25, 2020 1:40 PM ET
By: Clark Schultz, SA News Editor

Unilever (UN, UL) inks a deal to acquire SmartyPants Vitamins.

SmartyPants is a supplement provider that works with non-GMO certified ingredients and a range of sustainably sourced bio-available nutrients.

The company's products are free of any synthetic colors, artificial flavors, artificial sweeteners, or preservatives, and are third-party lab tested.

Unilever anticipates that SmartyPants Vitamins complements the company's portfolio of brands (Horlicks, OLLY, Equilibra and Liquid I.V) in the functional nutrition and supplement segment.

Terms of the deal were not disclosed. The acquisition is subject to regulatory approvals and customary closing conditions

Holy cow, NEPT is a cannabis company!!!! - We are excited to team up with @Unilever’s selling partners to provide them with the availability of products in our vast warehouse system in the US & Canada, and look forward to enabling and sustaining the growth of the hygiene category for their commercial distributors.



We are excited to team up with @Unilever’s selling partners to provide them with the availability of products in our vast warehouse system in the US & Canada, and look forward to enabling and sustaining the growth of the hygiene category for their commercial distributors. pic.twitter.com/wkvvgY0950— Neptune Wellness (@Neptune_corp) August 27, 2020



What is Unilever really doing with them????

Unilever trials geolocation tech to tackle deforestation in palm oil supply chains

19 August 2020, source edie newsroom

https://www.edie.net/news/7/Unilever-trials-geolocation-tech-to-tackle-deforestation-in-palm-oil-supply-chains/

Unilever is piloting new geolocation technology in a bid to ensure it meets its zero-deforestation targets, which cover supply chains including palm oil, soy and paper and board.

Developed by US-based firm Orbital Insight, the technology leverages GPS data and satellite images to identify patterns of land use and traffic. In regions where there is a consistent flow of traffic between agricultural land and a mill, the technology will predict the likelihood that a farm or plantation is supplying a mill and, in turn, the possibility of deforestation.

Unilever hopes that the technology can help it overcome challenges around securing the visibility of the “first mile” of commodity journeys. Palm oil and soy are particularly challenging to trace, given that crops are often harvested from many different areas and mixed either at the mill or before reaching it.

The consumer goods giant is already using satellite imagery to monitor farms and plantations across its global supply chains but hopes the new technology could make the identification of potential environmental risks more accurate and rapid. Its current approaches largely rely on drawing a radius around land and identifying mills within that area. Unilever also hopes that the technology will help other companies across the value chains of the commodities it sources.

"Better monitoring helps all of us to understand what's happening within our supply chains," Unilever’s chief supply chain officer Marc Engel said.

"By companies coming together and using cutting-edge technology to carefully monitor our forests, we can all get closer to achieving our collective goal of ending deforestation."

Unilever is no stranger to using innovative technologies for supply chain management, having recently implemented blockchain to tea supply chains in a drive to improve social sustainability.

A pivotal moment for palm oil

Palm oil is found in a wide range of foods and some cosmetics and household goods, but its production is often problematic. The race to satisfy growing demand over the past two decades has resulted in vast plantations replacing native forest in countries in south-east Asia, while efforts to prevent forest destruction have often been stymied by corruption or companies flouting the rules.

Unilever has a commitment to reach zero net deforestation in key supply chains, including palm oil, by the end of 2020. As of 2019, the firm was 95% of the way towards this target for palm oil and had met it for paper and soy. Progress was slower, however, for sunflower oil.

While Unilever is the world’s largest single buyer of palm oil, purchasing around 3% of the total amount produced globally each year, it is not the only firm to have made such a commitment. There is, in fact, an industry-wide commitment across the consumer goods sector to tackle deforestation by 2020, binding firms which do not eliminate deforestation from their supply chains to plant trees to ‘offset’ this impact.

CDP warned late last year that just one-third of the 22 firms to have signed this commitment had deployed comprehensive management practices around forestry and land use. Unilever was praised for its efforts, while the likes of Kraft Heinz and Yum! Brands were named as laggards.

Similar research has since been conducted by WWF and Rainforest Action Network. The conclusion was the same; that the FMCG sector is off track to meeting its deforestation commitments.

The Covid-19 pandemic has caused the first global drop in palm oil demand and production since records began. Time will tell if the sector will undergo a truly green recovery.

Sarah George

Unilever Hand Sanitizer Bottles Flying Off Shelfs

https://www.bing.com/shop?q=unilever+hand+sanitizer&FORM=SHOPPA&originIGUID=9BABB336E76941AFA4B20102FD9CA2D2

Employees will be asked to work-from-home, until the Coronavirus is contained. It'll take year or more to develop and deploy a vaccine!

Texas Healthcare & Payment Software fUSIOneers and Unilever has potential, imo.

UN and USIO stock are worth following, while a war against Coronavirus heats-up.

[:}}} Wash hands, LQQK for stay-at-home billing, payment, software, HomePC fusion demand to increase, until Coronavirus can be contained.

SD: I own UN & USIO stock. You take a calculated risk a.k.a gamble, YOU take chances in 2020.

DEAL!

Unilever Flu Test-Kits & Worldwide Demand

Unilever (UN) along with 3M (MMM) on a list to receive Zero % interest from banks in China, to help fight the spread of Coronavirus.

UN and MMM stock could soar:

https://www.medicaldisposables.us/binax-rapid-flu-test-influenza-test-kit-p/consult-181-36025.htm

[:}}} Follow demand, invest in those that fill demand... PROSPER!

Stay iTuned while the war against Coronavirus heats-up.

GLTA!

World-Wide Unilever Flu Test-Kit Demand

World-wide Flu test-kit demand outweighs supply:

https://www.bing.com/shop?q=unilever+flu+test+kits&FORM=SHOPPA&originIGUID=BC41FF712AD04D7CADC070577C9E7A62

Hand sanitizers and Flu test kit demand goes ballistic, during a pandemic.

UN & 3M must provide test-kits, hand cleaners, masks & other products.

UN stock appreciation, outweighs downside risk, imo.

[:}}} . . . If you Unilever snooze during a pandemic, YOU lose!

DEAL!

Texas Software As A Service fUSIOneers & Healthcare

Hand washing is a way to fight the Coronavirus. Unilever soap & other cleansing products are in demand like never before!

Unilever is on a list to receive Zero % interest loans from banks in China. 3M and Unilever can lend China a helping-hand, when it comes to fighting the spread of Coronavirus.

(SAS) Software-as-a-Service can't catch Flu. USIO with offices in San Antonio, Austin, Tx and Franklin, TN, works within the healthcare and payment industry. Software-to-Software FUSION can track, trace & pinpoint the Coronavirus. I own USIO & UN stock and will dollar cost average.

To contain a fast spreading virus, America will need real-time data feedback from Texas Software fUSIOneers & others.

[:}}} 1-877-PDS-PAYS! Accumulate & share Coronavirus data feedback ASAP!

DEAL!

Hand Sanitizer Soap & Dispenser Diminished Supply

3M & Unilever are on a list in China to qualify for a Zero % interest loan, one that can be used to help fight the war on a Coronavirus.

Masks and washing one's hands often, bodes well for 3M & Unilever products.

Hand cleaning products provided by UN and devices that dispense soap that kill a virus? Demand outweighs supply. For this and other reasons I invested in UN and software that keep track & trace the spread of a world-wide virus. Software can not catch the Coronavirus.

USIO, UN, & 3M "growth" potential, outweighs 2020 risk, in my opinion!

DEAL!

Unilever announces changes to the Unilever Leadership Executive
03/12/2019

London / Rotterdam - Unilever today announced some changes to the Unilever Leadership Executive (ULE).

* Amanda Sourry, President, Unilever North America, has decided to retire from the company after more than 30 years of service to pursue new opportunities.

* Fabian Garcia, former President and Chief Executive of Revlon, has been appointed President, Unilever North America.

* Conny Braams, EVP, Unilever Middle Europe, has been appointed to the new role of Chief Digital & Marketing Officer.

Unilever CEO Alan Jope said: “I would like to express my sincere gratitude to Amanda for her significant contribution to Unilever over so many years. Her strategic clarity, operational experience and passion for developing talent have made her one of the company’s best leaders of recent times. We wish her all the best for the future.

“I would also like to extend a warm welcome to Fabian, a truly global and purpose-driven business leader, who brings to Unilever deep experience of the consumer goods industry in North America and many other markets, as well as an impressive track record of high performance.”

Jope added: “Conny Braams is one of our most successful and talented leaders, as well as a highly effective driver of change. As our new Chief Digital & Marketing Officer, her experience will be critical to the transformation of Unilever into a future-fit, fully digitised organisation at the leading edge of consumer marketing.”

Fabian will join Unilever on 1 January, with Amanda supporting the leadership transition into early 2020. Fabian will report to Chief Operating Officer Nitin Paranjpe.

Conny will begin her new role on 1 January 2020. The appointment of a new EVP, Unilever Middle Europe will be announced in due course.

Fabian Garcia

Fabian was President and Chief Executive Officer of Revlon from 2016 to 2018, where he initiated the transformation of Revlon and started the restoration of its iconic brands to health. He also strengthened its portfolio through the integration of its Elizabeth Arden acquisition, made in 2016.

Between 2010 and 2016 he was Chief Operating Officer Global Innovation & Growth, Colgate Palmolive, having previously been President of the Asia/Pacific Division and EVP Latin America.

Fabian began his career at Procter & Gamble, holding roles during his 16 years at the company which included President of Max Factor Japan, and General Manager of the Paper & Beauty Division, Venezuela.

Fabian is also a member of the Board of the Kimberly Clark Corporation.

Conny Braams

Conny joined Unilever in 1990 and has held a wide variety of Marketing leadership and General Management roles across several key European and Asian markets.

In her current role as EVP Middle Europe, Conny is responsible for Unilever’s business in DACH, Nordics, Italy and the Benelux, where she leads the company’s largest European unit.

Conny was previously EVP Benelux and Home Care Europe, where she led the complete digital and marketing transformation of our business, and prior to that, successfully accelerated the growth of our Unilever Food Solutions business as its EVP for Asia, Africa and Middle East between 2010 and 2016.

Unilever announces ambitious new commitments for a waste-free world
07/10/2019

Seeking Alpha noted this FANTASTIC move today ... but it's almost 90 day old news. Still, it's great to see an industry giant caring ahead of the curve.

https://seekingalpha.com/news/3504117-unilever-halve-use-new-plastic?app=1#email_link


London/Rotterdam: Unilever, owner of brands including Dove, Ben & Jerry’s, Lipton and Omo has announced ambitious new commitments to reduce its plastic waste and help create a circular economy for plastics

Unilever has confirmed that by 2025 it will:

Halve its use of virgin plastic, by reducing its absolute use of plastic packaging by more than 100,000 tonnes and accelerating its use of recycled plastic.

Help collect and process more plastic packaging than it sells
This commitment makes Unilever the first major global consumer goods company to commit to an absolute plastics reduction across its portfolio.

Unilever is already on track to achieve its existing commitments to ensure all of its plastic packaging is reusable, recyclable or compostable by 2025, and to use at least 25% recycled plastic in its packaging, also by 2025.

Alan Jope, Unilever CEO, said: “Plastic has its place, but that place is not in the environment. We can only eliminate plastic waste by acting fast and taking radical action at all points in the plastic cycle.

“Our starting point has to be design, reducing the amount of plastic we use, and then making sure that what we do use increasingly comes from recycled sources. We are also committed to ensuring all our plastic packaging is reusable, recyclable or compostable.

“This demands a fundamental rethink in our approach to our packaging and products. It requires us to introduce new and innovative packaging materials and scale up new business models, like re-use and re-fill formats, at an unprecedented speed and intensity.”

Unilever’s commitment will require the business to help collect and process around 600,000 tonnes of plastic annually by 2025. This will be delivered through investment and partnerships which improve waste management infrastructure in many of the countries in which Unilever operates.

Jope added: “Our vision is a world in which everyone works together to ensure that plastic stays in the economy and out of the environment. Our plastic is our responsibility and so we are committed to collecting back more than we sell, as part of our drive towards a circular economy. This is a daunting but exciting task which will help drive global demand for recycled plastic.”

Ellen MacArthur, Founder, Ellen MacArthur Foundation, said: "Today’s announcement by Unilever is a significant step in creating a circular economy for plastic. By eliminating unnecessary packaging through innovations such as refill, reuse, and concentrates, while increasing their use of recycled plastic, Unilever is demonstrating how businesses can move away from virgin plastics. We urge others to follow their lead, so collectively we can eliminate the plastic we don’t need, innovate, so what we do need is circulated, and ultimately build an economic system where plastic packaging never becomes waste."

Since 2017, Unilever has been transforming its approach to plastic packaging through its ‘Less, Better, No’ plastic framework.

Through Less Plastic Unilever has explored new ways of packaging and delivering products - including concentrates, such as its new Cif Eco-refill which eliminates 75% of plastic, and new refill stations for shampoo and laundry detergent rolled out across shops, universities and mobile vending in South East Asia.

Better plastic has led to pioneering innovations such as the new detectable pigment being used by Axe (Lynx) and TRESemmé , which makes black plastic recyclable, as it can now be seen and sorted by recycling plant scanners, and the Lipton ‘festival bottle’ which is made of 100% recycled plastic and is collected using a deposit scheme.

As part of No plastic, Unilever has brought to the market innovations including shampoo bars, refillable toothpaste tablets, cardboard deodorant sticks and bamboo toothbrushes. It has also signed up to the Loop platform, which is exploring new ways of delivering and collecting reusable products from consumers’ homes.

As part of today’s announcement, Unilever has posted a video on its website addressing the issue of ocean plastic and committing to play its part to ‘make the blue planet, blue again’.

Notes to Editors
Unilever’s plastic packaging footprint today is around 700,000 tonnes annually (including recent acquisitions).

The company is today making two commitments:

1) Reduce our virgin plastic packaging by 50% by 2025, with one third (more than 100,000 tonnes) coming from an absolute plastic reduction.

More than 100,000 tonnes will come from an absolute reduction as the business invests in multiple use packs (reusable and/or refillable), ‘no plastic’ solutions (alternative packaging materials or naked products) and reduces the amount of plastic in existing packs (concentration). Replacing non-recycled plastic packaging with recycled plastics will account for the remaining reduction. Unilever will measure the total tonnes of virgin plastic packaging used each year vs the total tonnes of virgin plastic packaging used in 2018. As a result of this commitment, Unilever is committing to have a virgin plastic packaging footprint of no more than 350,000 tonnes by 2025.

2) Help collect and process more plastic packaging than we sell by 2025.

Unilever’s commitment will require the business to help collect and process around 600,000 tonnes of plastic annually by 2025. This is less than our current 700,000 tonnes plastic packaging footprint because it reflects the 100,000 tonnes absolute reduction we have committed to above.

Unilever will deliver this commitment by:

i) Investment and partnerships in waste collection and processing

ii) Purchasing and using recycled plastics in its packaging

iii) Participating in extended producer responsibility schemes where Unilever directly pays for the collection of its packaging

Unilever will measure the total tonnes of plastic packaging it has helped collect and process in a year vs how much plastic packaging it has used.

Over the last five years, Unilever has collaborated with many partners to collect plastic packaging, including the United Nations Development Programme, to help segregate, collect and recycle packaging across India. In addition, it has helped to establish almost 3,000 waste banks in Indonesia, offering more than 400,000 people the opportunity to recycle their waste. In Brazil, Unilever has a long-running partnership with retailer Grupo Pão de Açúcar to help collect waste through drop-off stations.

Unilever PLC
Unilever House
100 Victoria Embankment
London EC4Y 0DY
United Kingdom
Press-Office.London@Unilever.com



Unilever NV
Weena 455
3013AL Rotterdam

www.unilever.nl

+31 (0) 10 217 4000
mediarelations.rotterdam@Unilever.com

Unilever acquires Personal Care business Lenor Japan
01/10/2019

London / Rotterdam – Unilever has today announced that it has acquired Lenor Japan, a skin care business with presence in Japan and China

Unilever logo on the entrance of deodorant factory in Jiutepec Mexico
Lenor Japan is present in Japan and China. This acquisition is a welcome addition to Unilever’s Beauty and Personal Care portfolio, and offers an exciting opportunity to fill the white-spaces of Japanese-Beauty, Premium Face and Derma Care in Japan and China.

Terms of the transaction were not disclosed.

https://www.unilever.com/news/press-releases/2019/unilever-acquires-personal-care-business-lenor-japan.html

Unilever Brand Ben & Jerry’s CBD Infused Ice Cream Could be Coming to a Supermarket Near You

View here

News: $UN Food Banks Impacted by Government Shutdown Receive Unilever Product Donation Valued at Over $2 Million

Unilever partners with Feeding America and Landstar to provide needed supplies in communities with high concentration of federal workers and SNAP beneficiaries Unilever is donating food supplies and personal care products valued at over $2 million to food banks through its partnership...

Find out more https://marketwirenews.com/news-releases/food-banks-impacted-by-government-shutdown-receive-unilever-product-donation-valued-at-over-2-million-7549436.html

Hello all

time for split the company , and make new kind of products ?

LOL OOPS

$UNVC BIG NEWS IS COMING FOLKS IMO IT'S KIND OF OBVIOUS LOL $$

$UNVC NICE RUNNER FOR THE NEXT SEVERAL WEEKS IMO! $$ #STOCKS

Kraft Heinz Offer for Unilever Could Be Where the Party Ends

http://realmoney.thestreet.com/articles/02/17/2017/kraft-heinz-offer-unilever-could-be-where-party-ends

Agreed.... it's a top dividend yielder with at least 10% upside: Stock Screen

Bullish again UN

UN bullish 46.28

$UN DD Notes ~ http://www.ddnotesmaker.com/UN

bullish
good volume

$UN recent news/filings

## source: finance.yahoo.com

Wed, 19 Nov 2014 13:00:00 GMT ~ Unilever Named Best Place to Work by Human Rights Campaign for Seventh Year

[Business Wire] - For the seventh consecutive year, Unilever is recognized as one of the “Best Places to Work” by the Human Rights Campaign, earning a perfect score of 100 on the 2015 Corporate Equality Index by satisfying all of the CEI’s criteria.

read full: http://finance.yahoo.com/news/unilever-named-best-place-human-130000719.html
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Tue, 18 Nov 2014 11:23:25 GMT ~ The Morning Ledger: Accounting, Governance Standards Improve in Africa


read full: http://blogs.wsj.com/cfo/2014/11/18/the-morning-ledger-accounting-governance-standards-improve-in-africa/?mod=yahoo_hs
*********************************************************

Thu, 13 Nov 2014 20:33:16 GMT ~ Tom Russo Buys Pernod Ricard, Nestle SA, CIE Financiere, Sells Goldman Sachs


read full: http://finance.yahoo.com/news/tom-russo-buys-pernod-ricard-203316894.html
*********************************************************

Thu, 13 Nov 2014 14:10:02 GMT ~ Energizer (ENR) Tops Q4 Earnings & Revenue Estimates


read full: http://finance.yahoo.com/news/energizer-enr-tops-q4-earnings-141002279.html
*********************************************************

Mon, 10 Nov 2014 15:20:00 GMT ~ Unilever And Gillette Fight For Fantasy Football Ad Space


read full: http://www.forbes.com/sites/marcedelman/2014/11/10/unilever-and-gillette-fight-for-fantasy-football-ad-space/?partner=yahootix
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$UN charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$UN company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/UN/company-info
Ticker: $UN
OTC Market Place: Not Available
CIK code: 0000110390
Company name: Unilever N.V.
Company website: http://www.unilever.com
Incorporated In: Netherlands


$UN share structure

## source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$UN extra dd links

Company name: Unilever N.V.
Company website: http://www.unilever.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/UN/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/UN/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=UN+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=UN+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=UN+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/UN/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/UN/news - http://finance.yahoo.com/q/h?s=UN+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/UN/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/UN/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/UN/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/UN/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/UN/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/UN/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/UN/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/UN/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=UN+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/UN
DTCC (dtcc.com): http://search2.dtcc.com/?q=Unilever+N.V.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Unilever+N.V.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Unilever+N.V.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.unilever.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.unilever.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.unilever.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/UN/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/UN
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/UN/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/UN/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/UN/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000110390&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/UN/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/UN/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/UN/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/UN/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=UN&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=UN
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/UN/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=UN+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=UN+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=UN
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=UN
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=UN+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/UN/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=UN+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/UN.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=UN
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/UN/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/UN/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/UN/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/UN/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/UN
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/UN
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/UN:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=UN
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=UN



$UN DD Notes ~ http://www.ddnotesmaker.com/UN

Great company