LSE:ULVRPersonal Products
Unilever Spin Offs Foods To McCormick And Refocuses On Health Care
Unilever (LSE:ULVR) has agreed to spin off its Foods business and combine it with McCormick.
The deal creates a combined Foods group valued at about US$20b as a global flavour-focused company.
Post transaction, Unilever is set to become a pureplay Health & Personal Care company.
For you as an investor, this move reshapes what LSE:ULVR represents. Unilever has long been known for a mix of food, nutrition, home care, and personal care brands. This deal concentrates its exposure in Health &...