Reported about 2 months ago
Mars Inc., led by the secretive Mars family, has finalized its largest acquisition yet, a $36 billion deal for Kellanova, a snack and cereal producer, reflecting its strategy of long-term, low-pressure investments. The privately-held company, known for M&Ms and Pedigree pet food, has been expanding through acquisitions for decades, significantly growing its net sales from $10 billion in 1996 to over $50 billion today. Despite the risks involved, Mars is positioned to navigate regulatory challenges and leverage its substantial cash reserves to pursue its ambitious growth plans.
Source: YAHOO