Savory Snacks: Mars Inc.’s acquisition of Kellanova | 339
- Mars Inc. is acquiring Kellanova for $35.9 billion, giving it a major stake in the global snack food industry.
- Kellanova is a new snack food company, formerly a division of Kellogg’s, featuring brands like Pringles.
- Rising cocoa prices are driving Mars to diversify into savory snacks, which are less affected by cocoa market fluctuations.