US-based McCormick announces plan to acquire at least 76.55% stake in Unilever Pakistan Foods

McCormick, the US flavourings and food company, has said it plans to take control of Unilever Pakistan Foods by buying at least 76.55% of its shares. The proposal covers 4,876,294 shares, currently held by Conopco, and was disclosed in a filing to the Pakistan Stock Exchange on October 21, 2026. McCormick would make the purchase itself or through affiliates, with Arif Habib Limited acting as offer manager.

The proposed Pakistani deal is part of McCormick’s wider agreement to acquire most of Unilever PLC’s global food operations. It requires regulatory clearances, including Competition Commission of Pakistan approval, and no purchase price or completion date has been stated; the size of any later public offer is also undecided. UPFL reported calendar 2025 sales of Rs40.573 billion and profit after tax of Rs5.946 billion, down from Rs6.975 billion the year before.