Unilever to Build $270 Million, 100,000 sq ft New Haven R&D Center
UL•Unilever plans a $270 million New Haven innovation center, replacing its Trumbull campus and consolidating R&D for personal care, beauty and wellbeing across 100,000 sq ft with around 300 staff by spring 2029. Toms Capital has built a significant stake in McCormick as Unilever pursues a strategic food business deal.
1. $270 Million New Haven R&D Center
Unilever announced a $270 million global innovation center at 2 Church St. in downtown New Haven, replacing its Trumbull campus. The 100,000 sq ft, two-floor facility will employ about 300 people by spring 2029 and consolidate consumer insights, packaging design, fragrance creation and product formulation under one roof, leveraging AI and emerging quantum computing.
2. Toms Capital Stake in McCormick as Unilever Pursues Food Deal
Toms Capital Investment Management has acquired a significant stake in McCormick & Co. as Unilever works on a proposed food business deal. The hedge fund’s involvement could influence deal negotiations and underscores activist investor interest in shaping the U.S. food sector.
