Unilever PLC (NYSE:UL) is reportedly evaluating a potential separation of its food business and has entered discussions with McCormick & Company Incorporated (NYSE:MKC), marking a significant strategic shift toward its higher-growth beauty and personal care segments.

Unilever confirmed that it has received an inbound offer for its ‘highly attractive’ Foods business and is in discussions with McCormick.

Deal Could Materialize Within Weeks

The company confirmed it has received an inbound offer for its Foods division and is currently in talks with McCormick regarding a possible transaction.

However, both companies cautioned that there is no certainty that a deal will materialize or on what terms.

The Wall Street Journal on Friday highlighted that Unilever is pursuing a major strategic shift that would further streamline its portfolio, aligning with a broader industry trend of breaking up large consumer conglomerates.

An all-stock transaction could be announced within weeks, the WSJ reported, citing people familiar with the ...