Unilever investors seek ESG reassurances in McCormick food deal
Key takeaways
- The second largest food transaction to date that was announced in March will combine the Unilever division with Mc Cormick’s into one company that includes brands such as Hellmann’s mayonnaise and Cholula hot sauce.
- Mc Cormick will take on oversight of a business nearly twice its current size and with a more complex global supply chain that will bring challenges linked to agriculture, commodities and small-scale farming.
- Given Unilever’s historically leading position on sustainability, some investors are keen for reassurance its standards will be maintained.
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Add ARY News on Google AAResize Some Unilever investors are pressing for the giant food entity created by a $65 billion deal with Mc Cormick to adopt the standards on forestry and sustainabilty more broadly that the UK consumer products company has promoted.
The second largest food transaction to date that was announced in March will combine the Unilever division with Mc Cormick’s into one company that includes brands such as Hellmann’s mayonnaise and Cholula hot sauce.
Mc Cormick will take on oversight of a business nearly twice its current size and with a more complex global supply chain that will bring challenges linked to agriculture, commodities and small-scale farming.