American enterprise McCormick & Company intends to purchase a minimum of 76.55 percent of the shares and take control of Unilever Pakistan Foods Limited, based on a regulatory filing released on Wednesday. This transaction forms part of a worldwide deal concerning the food division of Unilever PLC.
Through a direct agreement, McCormick intends to acquire 4.88 million shares in the local firm. Following this purchase, the corporation will launch a public tender offer according to the takeover rules of Pakistan.
The regulatory document explained that the purchase ties into the planned merger of the worldwide food operations of Unilever PLC with McCormick. Based on a merger contract signed on 31 March 2026, McCormick will assume sole authority over nearly all of those operations, excluding certain agreed items.
The public tender requires all necessary official permissions, which includes clearance from the Competition Commission of Pakistan.
Unilever Pakistan Foods maintains 6.37 million issued ordinary shares, each carrying a face value of Rs10. The stock finished trading at Rs25,352 on the session prior to the disclosure. Between 23 September and 20 October 2026, the 28-day weighted average price reached Rs25,308.
Net sales for the business climbed to Rs40.57 billion during 2025, compared to Rs33.71 billion in the preceding year. Over the same timeframe, net profit dropped from Rs6.98 billion to Rs5.95 billion. Arif Habib Limited is serving as the manager for the offer.
Established in 1889 with its headquarters in Maryland, McCormick produces and sells spices, herbs, seasonings, and condiments across 150 nations. Its product portfolio features brands like McCormick, French's, Frank's RedHot, and OLD BAY.
