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

McCormick & Firm, a US-based food and flavorings manufacturer, has confirmed aims to acquire at least 76.55 percent of Unilever Pakistan Foods Limited and take control of the Pakistani firm.

Key points

• McCormick intends to acquire 4, 876, 294 shares through an agreement, representing 76.55 percent of the company's shareholding.
• According to the disclosure, Unilever Pakistan Foods had 6, 369, 950 ordinary shares, each with a face value of Rs.
• The proposed acquisition is part of a global transaction agreed upon by Unilever PLC and McCormick on March 31, 2026.
• The public announcement of intention, dated October 21, was submitted through Arif Habib Limited, the manager to the offer.
• McCormick, founded in 1889 and headquartered in Maryland, United States, manufactures, markets, and distributes herbs, spices, seasoning mixes, sauces, condiments, and other flavor related products.

Meanwhile, the public announcement of intention, dated October 21, was submitted through Arif Habib Limited, the manager to the offer.

McCormick intends to acquire 4, 876, 294 shares through an agreement, representing 76.55 percent of the company's shareholding. The number of shares to be acquired through a subsequent public offer has not yet been determined. SECP Promises to Uncover Truth Behind SE Fruits IPO. Accord Remains Subject to Regulatory Approval.

In practice, the proposed acquisition is part of a global transaction agreed upon by Unilever PLC and McCormick on March 31, 2026. Under the agreement, McCormick intends to acquire sole control of substantially all of Unilever PLC's global food business, subject to agreed business exclusions. Unilever Pakistan Foods is the Pakistani entity included in the transaction.

In practice, the announcement states that the acquisition requires the necessary regulatory approvals, including approval from the Competition Commission of Pakistan. The proposed announcement of intention may be withdrawn if the required approvals are not granted.

According to the disclosure, Unilever Pakistan Foods had 6, 369, 950 ordinary shares, each with a face value of Rs. 10. The company's share cost stood at Rs. While its weighted average share cost was Rs, 25, 352 on the day before the announcement. 25, 308 between September 23 and October 20, 2026.

In practice, the transaction is projected to create a group with almost $20 billion in annual revenue. The accord brings together major brands including Knorr, Hellmann's, French's, and Cholula.

McCormick, founded in 1889 and headquartered in Maryland, United States, manufactures, markets, and distributes herbs, spices, seasoning mixes, sauces, condiments, and other flavor related products. The firm supplies the food and beverage industry in approximately 150 countries and territories. Its proposed acquisition of Unilever Pakistan Foods is part of its planned expansion through the global food business transaction. Stay Connected with ProPakistani.

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For now, US Giant McCormick to Acquire 76.55% Stake in Unilever Pakistan Foods remains the part of the story worth watching, and further updates are likely as more details are confirmed.