Unilever Foods - McCormick Combination
In Plain English
Unilever is splitting off Unilever Foods into its own separate, publicly-traded company. Shareholders typically receive shares in the new entity automatically. This was recently announced.
Unilever Foods will become a separate public company
Deal Progress
RUMORED
ANNOUNCED
PENDING
ACTIVE
COMPLETED
Parent Company
Unilever
UL
Consumer Staples
SpinCo / Target
Unilever Foods
Announced
Mar 17, 2026
1mo ago
Expected
Mid 2027
Market Cap
Not disclosed
Deal Value
Not disclosed
Summary
Unilever to separate its Foods division via a Reverse Morris Trust combination with McCormick.
Deal Flow Timeline
Key milestones from announcement to expected completion
Deal Announced
2026-03-17
COMPLETEDForm 10 Filed
UPCOMINGIRS Tax Ruling
UPCOMINGShareholder Approval
UPCOMINGRecord Date
Mid 2027
UPCOMINGDistribution / Completion
Mid 2027
UPCOMINGDeal Announced
COMPLETEDInitial public announcement of the transaction.
2026-03-17
Form 10 Filed
UPCOMINGRegistration statement filed with the SEC for the new entity.
IRS Tax Ruling
UPCOMINGPrivate letter ruling confirming tax-free treatment.
Shareholder Approval
UPCOMINGBoard and/or shareholder vote to approve the separation.
Record Date
UPCOMINGRecord date for distribution of new shares.
Est: Mid 2027
Distribution / Completion
UPCOMINGShares of the new entity distributed to shareholders.
Est: Mid 2027