Mars Shakes Up The Snack World With A Game-Changing $36 Billion Buyout Of Kellanova

Mars Inc., announced a nearly $36 billion acquisition of Kellanova, the snack industry powerhouse behind Cheez-Its and Pringles, Wednesday. If the acquisition goes through, it will see Kellanova, recently spun off from Kellogg’s, join the Mars family, according to a Mars press release. The deal is anticipated “to close within the first half of 2025.” If finalized, Mars would be bringing a portfolio of brands with it — such as M&M’s and Skittles — that have defined snacking for generations. Kellanova, with 2023 net sales that exceeded $13 billion, operates...