McCormick & Company has announced its intention to acquire a controlling stake of at least 76.55% in Unilever Pakistan Foods Limited. The acquisition would be made directly by McCormick or through an affiliate.
The move is part of a proposed global merger of McCormick’s and Unilever’s food businesses, agreed on March 31, 2026.
The transaction involves 4,876,294 shares held by Conopco, Inc., Unilever’s majority shareholder in the Pakistani company. It remains subject to regulatory approvals, including clearance from the Competition Commission of Pakistan.
A subsequent public offer will be made, but the number of shares to be included has not yet been determined.