Headline: Unilever & McCormick to Create $20 Bn Global Flavour Powerhouse 📈

Unilever and McCormick have agreed to combine Unilever’s Foods business with McCormick, creating a scaled global leader in the consumer goods and food processing sectors. • Transaction Details • Enterprise Value: US$ 44.8 Bn for Unilever Foods (3.6x EV/Sales). • Unilever Receives: US$ 15.7 Bn in cash and 65% total equity in the combined entity. • Ownership: Unilever shareholders (55.1%), McCormick shareholders (35%), and Unilever PLC (9.9%). • Timeline: Completion expected by mid-2027. • Strategic Impact for Unilever • Transforms Unilever into a pureplay Home and Personal Care (HPC) company with €39 Bn in revenue. • Focuses on high-growth sectors: Beauty, Wellbeing, Personal Care, and Home Care. • Plans for €6 Bn in share buy-backs between 2026 and 2029. • Increases exposure to emerging markets like India, which (with the US) will contribute 38% of turnover. • The New Flavour Entity • Will house iconic brands including McCormick, Knorr, Hellmann’s, and Maille. • Pro forma FY2025 revenues of US$ 20 Bn. • Projected annual cost synergies of US$ 600 Mn by the end of year three. • Economic Context This move reflects a global trend of portfolio sharpening to focus on science-led innovation and digital commerce. For markets like Sri Lanka, where Unilever has a massive footprint in Home and Personal Care, this reinforces a shift toward premiumisation and high-growth "pureplay" operations. _Note: Based on official transaction data; subject to regulatory approvals._