At what enterprise value was UNILEVER FOOD DIVISION acquired in 2026?

During the acquisition of UNILEVER FOOD DIVISION by MCCORMICK & COMPANY in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of UNILEVER FOOD DIVISION when it was acquired by MCCORMICK & COMPANY?

The estimated EV/EBITDA multiple for UNILEVER FOOD DIVISION is in the range of 10x - 18x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was UNILEVER FOOD DIVISION acquired by MCCORMICK & COMPANY?

UNILEVER FOOD DIVISION was acquired by MCCORMICK & COMPANY in 2026.

What was the revenue of UNILEVER FOOD DIVISION at the time of the deal?

The revenue of UNILEVER FOOD DIVISION at the time of the deal is estimated to be in the range of 5b - 100b USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of UNILEVER FOOD DIVISION during the acquisition?

UNILEVER FOOD DIVISION's EBITDA is estimated to be in the range of 2.5b - 5b USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the UNILEVER FOOD DIVISION acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the UNILEVER FOOD DIVISION deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.unilever.com/news/press-and-media/press-releases/2026/unilever-announces-the-combination-of-unilever-foods-with-mccormick/

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Home Database AgriFoodUNILEVER FOOD DIVISION

03/2026

UNILEVER FOOD DIVISION acquired by MCCORMICK & COMPANY

UNITED KINGDOM Food Processing / Food Products EV 3b - 100b USD

Context

Unilever has entered into a definitive agreement to merge its global food business with McCormick & Company. This transformative transaction values the Unilever Food division at an enterprise value of approximately $44.8 billion. Under the terms of the deal, Unilever will receive $15.7 billion in cash and a 9.9% equity stake in the combined entity, which it intends to divest gradually. Post-transaction, Unilever’s shareholders will own 55.1% of the new group, while McCormick’s existing shareholders will hold 35%. The strategic rationale for the deal is to create a world leader in flavors and condiments with a combined revenue of approximately $20 billion (2025 figures). For Unilever, the move represents a decisive step in its strategic refocusing toward high-growth beauty, wellbeing, and personal care segments, following the prior spin-off of its ice cream division. The combined entity will operate under the McCormick name, maintaining its global headquarters in Maryland and establishing an international headquarters in the Netherlands with a dual listing in New York and Europe. The merger is expected to generate $600 million in annual cost synergies by the third year.

UNILEVER FOOD DIVISION, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the AgriFood sector (10.9x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in AgriFood market trends

Target

Unilever's Food division is a global powerhouse in the culinary and flavor space, housing world-renowned brands such as Knorr (soups and bouillons), Hellmann’s (mayonnaise), and Maille (mustard). The business focuses on high-volume, shelf-stable pantry staples with a presence in almost every major retail market worldwide. Its business model is built on massive global scale, deeply integrated supply chains, and a portfolio of brands that act as "market anchors" in their respective categories. Following a strategic shift toward "beauty and wellbeing," this division was carved out to consolidate the global flavor market. In 2025, the brands involved in this transaction generated a significant portion of the combined entity's $20 billion revenue, driven by a consumer shift toward home cooking and premium condiments.

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03/2026	DANONE	HUEL	UNITED KINGDOM	Food Processing	Danone has acquired 100% of Huel. This represents a significant milestone in the second chapter of the "Renew Danone" strategy, which focuses on accelerating growth through high-added-value acquisitions
03/2026	NEXTSTAGE	SOCIÉTÉ DES EAUX MINÉRALES D’ARCACHON (SEMA)	FRANCE	Food Processing	NextStage AM has acquired a majority stake in the Société des Eaux Minérales d’Arcachon (SEMA), taking over from the long-term owner and wine merchant Jean Merlaut, who exited his entire position. The transaction was carried out pari passu through the NextStage Evergreen vehicle and the "Pépites & Territoires" FPCI, representing a combined equity ticket of €30 million
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03/2026	BRIDOR	PANAMAR BAKERY GROUP	SPAIN	Food Processing	BRIDOR has announced the acquisition of PANAMAR BAKERY GROUP for an enterprise value exceeding €1 billion, making it the largest transaction in the history of the LE DUFF Group. This landmark deal integrates 11 Spanish production sites and 2,600 employees into Bridor’s existing network, creating a global powerhouse with a combined turnover of €2
02/2026	NASTA PET FOOD	FIRSTMATE PET FOODS	CANADA	Food Processing	Nasta Pet Food acquired 100% of the shares of FirstMate Pet Foods from its founder and partner. This transatlantic consolidation aims to establish the acquirer as a major player in the North American market, the world's largest pet food region

REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 5b - 100b USD

EBITDA range: 2.5b - 5b USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of UNILEVER FOOD DIVISION by MCCORMICK & COMPANY are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: mccormick & company