Knorr, Hellmann’s, Maille and Frank’s will sit under McCormick’s roof in a transaction that marks Unilever’s exit from food manufacturing and the second-largest food deal in history.
Fonterra Co-operative Group has completed the sale of Mainland Group to French dairy giant Lactalis, closing a divestment process that began in mid-2024 when the co-op announced a strategic shift to become a pure-play global B2B dairy provider.
A potential combination of the world’s second and fifth largest spirits companies would create a $43.6 billion (US$30 billion) global player, second only to Diageo.
