Marmite maker Unilever agrees $44.8bn deal to combine food arm with McCormick

Core focus will be on beauty, personal care and home products after spinning off brands such as Hellmann’s and Pot NoodleUnilever has agreed to combine its food business with US-based McCormick in a $44.8bn deal that will give the Marmite-to-Hellmann’s mayonnaise owner majority control of a food empire.The Anglo-Dutch company will control 65% of the new spin-off, which will combine brands such as Knorr and Pot Noodle with McCormick’s condiments and spices including French’s mustard, Old Bay seasoning and Cholula hot sauce. Continue reading...