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ACCC Reviews McCormick Proposal to Acquire Unilever Global Foods Business in Australia

McCormick & Company logoMcCormick & Company
Sig3.05Sen-1.25Env0.00Soc0.00Gov-0.85
Unilever logoUnilever
Sig2.46Sen-1.80Env0.00Soc0.00Gov-1.15

Australia’s competition watchdog is reviewing McCormick & Company’s proposed acquisition of Unilever’s global foods business. The deal would exclude certain operations in India, Nepal and Portugal and several product lines. In Australia, the ACCC cites overlap in retail recipe mixes, side dishes and bottled sauces. Submissions are due Friday; the assessment is due Oct. 1.

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