- Colman’s brand and assets are being marketed ahead of the planned combination of Unilever Foods and McCormick.
- The transaction values Unilever’s food assets at about $44.8 billion and brings brands including Knorr and Hellmann’s together with McCormick products such as Schwartz and French’s.
- McCormick already owns French’s, making Colman’s divestment a direct competition remedy for the planned combination.
Quotes
“A decision has been taken to market the Colman's brand and assets to potential buyers in order to proactively seek to address potential competition concerns from the planned combination of Unilever Foods and McCormick”