M&A TRANSACTION · 2026
Unilever Foods Division acquired by McCormick & Company
$15.70B· 16.1x EBITDA· 3.10x revenue
Target
Unilever Foods Division
United Kingdom / Netherlands
Food business including Hellmann's, Knorr, Marmite (excluding India)
Acquirer
McCormick & Company
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$14300.0M
EBITDA
$2800.0M
Deal Value
$15.70B
EV/EBITDA
16.1x
Context
This $15.70B acquisition of Unilever Foods Division by McCormick & Company sits in the food manufacturing sub-vertical. The 16.1x EBITDA multiple paid in 2026 can be compared against the population median for food manufacturing transactions of similar size on our Food Manufacturing valuation hub. McCormick & Company is acquiring as a strategic buyer; see how strategic acquirers typically price food manufacturing businesses on our Food Manufacturing strategic buyer-pool page.
Source
Data sourced from McCormick / Unilever Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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