Brendan Foley

That's right.

This is a combination really focused on growth and value creation.

So you have two iconic brand portfolios combining to really create just a preeminent food company that's all focused on flavor.

And so when we look at this, it's going to be very accretive in the first year.

Sales, adjust the operating margin, adjust the EPS.

And so we really think there's a lot of value creation opportunity here.

But

It's also an opportunity for McCormick just to continue to kind of that strategic focus on flavor at a global level.

You know, for both Unilever and McCormick, this is about focus.

And, you know, we're really bringing together a number of brands.

Again, as we said, they're all focused on flavor.

And that's what McCormick's focus is.

And we bring the focus of a food company now to that brand portfolio that we're combining with Unilever.

But it is really about focus in both companies.

Well, as we combine both companies, you know, think about the size of Unilever.

It's about two-thirds the size of the total combined, and McCormick's about one-third, and that's really the combination that we agreed upon in terms of the proportion for both shareholders.

But both shareholders win in this.

What they get is a larger food company that's faster-growing, with stronger margins, and an ability to really kind of really build out globally.

McCormick is the right home for these brands.

And when we talked about it, I mean, the equity fit of the focus of their portfolio, which is brands like Hellmann's and Knorr and other brands that are also local favorites, combined with McCormick, it's a really strong fit when you think about the grocery store.