600亿美元食品巨头呼之欲出！传味好美(MKC.US)与联合利华(UL.US)食品业务接近达成合并协议

智通财经网03-31

智通财经APP获悉，据知情人士透露，调味品生产商味好美(MKC.US)正接近与联合利华(UL.US)食品业务达成合并协议，共同打造一家价值600亿美元的全新行业巨头，该交易有望于周二美股盘前正式官宣。味好美以其调味品和酱料闻名，旗下拥有Cholula辣椒酱和French's芥末等品牌;联合利华的食品品牌则包括家乐(Knorr)和好乐门(Hellmann's)。报道称，联合利华董事会已于当地时间周一...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2623373061?lang=zh_CN&edition=full","thumbnail":"https://img.zhitongcaijing.com/image/20260331/20260331085910_19357.png?x-oss-process=image/format,jpg/quality,Q_80","is_english":false,"pubTime":"2026-03-31 09:05","share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","id":"2623373061","market":"hk","top_or_hot":-1,"title":"600亿美元食品巨头呼之欲出！传味好美(MKC.US)与联合利华(UL.US)食品业务接近达成合并协议","media":"智通财经网","content":"<div>\n<p>智通财经APP获悉，据知情人士透露，调味品生产商味好美(MKC.US)正接近与联合利华(UL.US)食品业务达成合并协议，共同打造一家价值600亿美元的全新行业巨头，该交易有望于周二美股盘前正式官宣。味好美以其调味品和酱料闻名，旗下拥有Cholula辣椒酱和French's芥末等品牌;联合利华的食品品牌则包括家乐(Knorr)和好乐门(Hellmann's)。报道称，联合利华董事会已于当地时间周一...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1422675.html\">网页链接</a>\n\n</div>\n","source":"highlight_zhitongcaijin","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>600亿美元食品巨头呼之欲出！传味好美(MKC.US)与联合利华(UL.US)食品业务接近达成合并协议</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n600亿美元食品巨头呼之欲出！传味好美(MKC.US)与联合利华(UL.US)食品业务接近达成合并协议\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-31 09:05 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1422675.html><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，据知情人士透露，调味品生产商味好美(MKC.US)正接近与联合利华(UL.US)食品业务达成合并协议，共同打造一家价值600亿美元的全新行业巨头，该交易有望于周二美股盘前正式官宣。味好美以其调味品和酱料闻名，旗下拥有Cholula辣椒酱和French's芥末等品牌;联合利华的食品品牌则包括家乐(Knorr)和好乐门(Hellmann's)。报道称，联合利华董事会已于当地时间周一...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1422675.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MKC","symbol_name":"味好美","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1422675.html","article_id":"2623373061","we_media_id":null,"thumbnails":["https://img.zhitongcaijing.com/image/20260331/20260331085910_19357.png?x-oss-process=image/format,jpg/quality,Q_80"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2623373061","pubTimestamp":1774919152,"columns":[],"sourceInfo":{"source_id":"highlight_zhitongcaijin","name":"智通财经网"},"weMediaInfo":null,"summary":"好乐门蛋黄酱淋在汉堡上，再配上法兰克红辣酱——这款美味组合或许很快将归属于一家巨型食品企业。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"159151":"食品","MKC":"味好美","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","UN":"联合利华(荷兰)","MKC.V":"味好美","BK4597":"股息贵族","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","BK4585":"ETF&股票定投概念","UL":"联合利华(英国)","BK4588":"碎股","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","ULVR.UK":"联合利华","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","BK4212":"包装食品与肉类","BK4592":"伊斯兰概念","BK4183":"个人用品"},"translate_title":"The $60 billion food giant is on the horizon! Chuanwei Haomei (MKC.US) and Unilever's (UL.US) food businesses close to merger agreement","themeId":"bd9676c3145845bd8d13f0c4695d0d9a","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"159151":1.5,"MKC":1.5,"MKC.V":1.5,"ULVR.UK":0.6,"UL":1.5,"UN":0.6},"content_text":"智通财经APP获悉，据知情人士透露，调味品生产商味好美(MKC.US)正接近与联合利华(UL.US)食品业务达成合并协议，共同打造一家价值600亿美元的全新行业巨头，该交易有望于周二美股盘前正式官宣。味好美以其调味品和酱料闻名，旗下拥有Cholula辣椒酱和French's芥末等品牌;联合利华的食品品牌则包括家乐(Knorr)和好乐门(Hellmann's)。报道称，联合利华董事会已于当地时间周一下午召开会议，审议此次待定交易的具体条款。这项涉及现金与股票的交易，时机上或有意配合味好美最新季度财报的发布，但知情人士也提醒，相关计划仍存变数。联合利华此番重大战略调整，延续了消费品巨头精简全球业务单元的普遍趋势。交易完成后，这家总部位于英国的企业将主要聚焦于美容、个人护理及家居用品业务板块。若交易最终达成，联合利华股东预计将持有新设食品公司约三分之二的股权。据悉，该交易包含约160亿美元的现金对价，以满足各参与方的需求。该交易拟采用反向莫里斯信托结构，以实现税务优惠的最大化。受此消息提振，味好美股价在周一美股盘后一度上涨近4%，联合利华上涨近1%。在此之前，两家公司股价年内至今分别下跌20%和8%。此次潜在合并交易落地之际，包装食品行业正面临多重逆风，行业估值持续下滑。投资者担忧高通胀持续挤压企业利润率，同时GLP-1类药物普及也对食品销量造成冲击。德意志银行分析师Steve  Powers在周一发布的最新研报中警示：“我们认为，持续加剧的行业压力与新兴挑战已积累多时，正逐步动摇支撑美国包装消费品投资逻辑的传统假设。”“部分影响因素最终可能只是短期、暂时性的，或具备较强周期性特征，比如宏观经济与地缘政治相关因素。但在我们看来，人口结构拐点、产业链话语权格局深层转变等问题，更有可能形成结构性、长期性影响。”大型食品企业向来对并购交易并不陌生，既有过大规模扩张，也有过业务精简之举。举例而言，过去十年间，味好美始终大力推行以风味为核心的收购战略，逐步从传统调味品业务，转向高增长、高毛利的调味酱料及专业调味解决方案领域。其最具变革性的一笔交易发生在2017年，公司以42亿美元收购利洁时食品部门，将French's芥末酱、弗兰克斯红辣椒酱等标志性品牌纳入麾下。2020年末，味好美又以8亿美元收购Cholula辣椒酱品牌，进一步巩固了其在增长强劲的辣椒酱品类中的领先地位。玛氏于2025年12月以约359亿美元完成对Kellanova的收购，将品客、奇兹、  Pop-Tarts等零食品牌与玛氏旗下M&M's、士力架等糖果品牌整合，打造出全球零食巨头。此外，金宝公司(CPB.US)在2024年3月以约27亿美元，收购高端意面酱品牌Rao's母公司Sovos Brands。以Applegate有机冷切肉、Spam午餐肉及Hormel自有品牌培根闻名的荷美尔食品(HRL.US)，2021年以33.5亿美元，从陷入困境的卡夫亨氏(KHC.US)手中收购了Planters坚果品牌。与此同时，投资者对大型食品集团的审视愈发严格，认为其成本结构臃肿、对消费趋势反应迟缓。例如，对冲基金Elliott  Management已针对频繁并购的百事可乐(PEP.US)发起维权行动。通用磨坊(GIS.US)则在2025年6月以21亿美元，将美国酸奶业务出售给拉克塔利斯集团，聚焦核心谷物食品与Blue  Buffalo宠物食品业务。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2623373061","isCrawlerRequest":true}