US Giant McCormick to Acquire 76.55% Stake in Unilever Pakistan Foods

McCormick & Company, a prominent US food and flavorings manufacturer, has revealed its intention to acquire a substantial 76.55 percent stake in Unilever Pakistan Foods Limited, effectively gaining control over the Pakistani entity. The proposed acquisition, however, is contingent upon obtaining regulatory approvals, including approval from the Competition Commission of Pakistan.

This move is part of a broader transaction involving Unilever PLC’s global food business, which was agreed upon on March 31, 2026. The announcement was made through Arif Habib Limited, the manager of the offer. McCormick plans to acquire 4,876,294 shares, which represent 76.55 percent of Unilever Pakistan Foods’ total shareholding.

The number of additional shares to be acquired through a subsequent public offer has not been disclosed yet. The acquisition is expected to result in a combined group with an annual revenue of nearly $20 billion, encompassing well-known brands such as Knorr, Hellmann’s, French’s, and Cholula. Founded in 1889 and headquartered in Maryland, United States, McCormick specializes in manufacturing, marketing, and distributing a wide range of herbs, spices, seasoning mixes, sauces, condiments, and other flavor-related products, serving the food and beverage industry in approximately 150 countries and territories.