Mars acquires Kellanova for $36 billion, adds Pringles and Cheez-It to its portfolio
Mars, the global family-owned confectionery giant known for brands such as M&M’s and Snickers, has announced its acquisition of Kellanova, the maker of Cheez-It and Pringles. The deal, valued at approximately $36 billion, is set to become the largest transaction in the packaged food industry. Mars pays 33% premium for Kellanova Mars will pay $83.50