McCormick & Company (NYSE: MKC) has disclosed the operating blueprint, executive roster, and capital-markets structure for its forthcoming combination with Unilever's Foods business, laying out a four-division company with roughly $21.5 billion in combined 2025 sales and a secondary share listing on the London Stock Exchange.
The announcement, made ahead of an expected mid-2027 transaction close, provides the most granular look yet at how McCormick intends to absorb one of the largest divestitures in packaged-food history — a deal that would vault it from a roughly $7 billion spice-and-condiment specialist into a broad-based global flavor conglomerate.
The Division Structure
The combined company will report through four segments. Americas Consumer, covering retail herbs, spices, seasonings, condiments, and cooking aids across North, Central, and South America, is the largest at $8 billion in 2025 pro-forma sales. International Consumer, which spans EMEA and APAC retail markets, contributes $7 billion. Global Food Service — uniting Unilever Foods' back-of-house culinary capabilities with McCormick's branded front-of-house portfolio — adds $4 billion, serving restaurant operators and other away-from-home channels. Global Flavor, the smallest but strategically distinct division, generates $2.5 billion supplying customized seasonings, coatings, and specialty flavors to food, beverage, and consumer-health manufacturers as well as chain restaurants.
The segmentation matters for investors and trade partners alike. By carving Global Food Service and Global Flavor into standalone reporting units, McCormick signals that it views foodservice operator supply and industrial flavor solutions as distinct growth vectors — not ancillary lines to be folded into a catch-all "Flavor Solutions" bucket, as the legacy McCormick structure treated them. Operators across restaurant supply and foodservice channels will be watching whether a dedicated $4 billion foodservice division accelerates product development and culinary-team investment.
Leadership and Listings
Brendan Foley remains Chairman, President and Chief Executive Officer; Marcos Gabriel stays as Executive Vice President and Chief Financial Officer. The four division presidents named are Andrew Foust (Americas Consumer), Heiko Schipper (International Consumer), Nuria Hernandez (Global Food Service), and Suzanne Roy (Global Flavor) — a roster that draws from both legacy organizations. Six functional EVPs round out the C-suite, including Heike Steiling as Chief R&D Officer, a post that will draw on Unilever Foods' Netherlands research facilities, which McCormick has described as world-leading.
To reflect the global shareholder base inherited from Unilever, McCormick will pursue admission of its shares to the equity shares (international commercial companies secondary listing) category of the London Stock Exchange's Main Market at closing, while retaining its primary NYSE listing. The company will also establish an International Headquarters in the Netherlands alongside its existing Global Headquarters in Hunt Valley, Maryland.
What Comes Next
McCormick's Integration Management Office will remain active post-close, overseeing transition service agreements — expected to run up to 24 months — alongside synergy capture and culture unification. The company has committed to disclosing quantified revenue and cost synergy targets, as well as the scope of those TSAs, before the end of the third quarter of 2026.
For the broader packaged food and ingredient supply sector, the deal's structure underscores a sustained industry logic: scale in flavor and seasoning commands pricing power, retailer shelf authority, and foodservice contract leverage that smaller operators cannot easily replicate. McCormick's bet is that a $21.5 billion platform — spread across consumer retail, away-from-home, and industrial flavor — can sustain premium margins while absorbing the integration costs that invariably accompany a transaction of this complexity. Combined pro-forma sales figures are based on McCormick's fiscal year ended November 30, 2025, and Unilever Foods' 2025 preliminary carve-out financials prepared under IFRS and translated from euros at an average rate of $1.124 per euro.
Written by Michael Politz, Author of Guide to Restaurant Success: The Proven Process for Starting Any Restaurant Business From Scratch to Success (ISBN: 978-1-119-66896-1), Founder of Food & Beverage Magazine, the leading online magazine and resource in the industry. Designer of the Bluetooth logo and recognized in Entrepreneur Magazine's "Top 40 Under 40" for founding American Wholesale Floral, Politz is also the Co-founder of the Proof Awards and the CPG Awards and a partner in numerous consumer brands across the food and beverage sector.