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Story summary
- McCormick & Company and Unilever's foods division will merge in a deal worth over $65 billion, with Unilever owning 65% of the new entity and McCormick retaining leadership, to close by mid-2027.
- The merger aims to accelerate growth in Latin America and Asia.
- It is expected to yield about $600 million in annual cost savings.
- McCormick's Chief Executive Officer says the union could create a global flavor powerhouse and align with healthier, flavorful trends.
