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