Unilever puts Colman's mustard up for sale
Unilever has begun marketing Colman's mustard, the 212-year-old British brand, for sale as part of its landmark decision to sell Unilever Foods to McCormick for $15.7bn. Unilever and McCormick have directed bankers, with Rothschild contacting prospective buyers, to address competition concerns because McCormick owns French's mustard. Sources described Colman's value as not material relative to the wider deal, and a Unilever spokesperson said operations continue as usual while discussions are ongoing. The divestment is intended to reduce regulatory obstacles to the planned combination between the two companies.
Unilever is marketing Colman's to address competition concerns in McCormick deal
Context
Unilever agreed to sell its food operations to McCormick for $15.7bn. Because McCormick owns French's, they are marketing Colman's to buyers to address competition concerns. Bankers are contacting potential buyers and discussions are…
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