Mars acquires snack and crisp maker Pringles after final regulatory approval

the last of 28 regulatory approvals was received, paving the way for the transaction to close. The acquisition will add Kellanova brands to Mars’ portfolio, including Pringles, Cheez-It, Pop-Tarts, Rice Krispies Treats, RXBAR and the international cereal brands Kellogg’s. Following the combination, Mars expects the Snacking business to generate approximately $36 billion in annual revenue and form a portfolio of nine brands with revenues exceeding $1 billion each. The company will operate in more than 145 countries, with more than 50,000 employees, 80 manufacturing sites and more than 170 sales offices. Mars Snacking will remain headquartered in Chicago. Mars CEO Paul Weyrach said the company will focus on integrating Kellanova’s teams and growing its global snacking business. Upon closing, Kellanova’s common stock will be delisted from the New York Stock Exchange and will cease trading. Mars includes billion-dollar snack and confectionery brands such as Snickers, M&M’s, Twix, Dove ...