Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Russia Stocks End Flat as Energy Shares Support MOEX Index 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Mars Inc. announced on Wednesday, July 5, that it has agreed to acquire Kevin's Natural Foods, and the deal is worth almost $800 million, according to a source who has knowledge of the matter. Kevin's, which is a known brand of sauces, side dishes, and sous-vide meals, started looking into its options, including the sale of the company earlier this year.
As per Reuters, Mars Inc., which generates around $48 billion in sales per year, operates three major businesses, and these are Mars Food & Nutrition, Mars Snacking, and Mars Petcare. Once the deal to acquire Kevin’s Natural Foods is completed, the health food firm will still be operating as a standalone brand under Mars’ food and nutrition division.
Under its petcare division, Mars owns popular brands, including Whiskas, Pedigree, and Royal Canin. And not long ago, it expanded its base in the industry by acquiring Heska Corp., a veterinary equipment supplier. In any case, it was noted that Mars is mostly known for its chocolate and candy brands, such as Snickers and M&M’s, but it is continuing to expand its business by venturing into other sectors.
In fact, it has made a series of acquisitions in recent years, mainly to diversify and build new categories in the snacking and healthy foods categories. It is planning to further boost its food business portfolio through more potential acquisitions in the near future, and this was confirmed by Mars Food & Nutrition global president, Shaid Shah.
“We are excited to welcome Kevin’s Natural Foods to the Mars Food & Nutrition family of businesses,” Shah said in a press release. “We have been hugely inspired by Kevin’s, a business whose mission fits squarely with our purpose: Better Food Today. A Better World Tomorrow. Kevin’s products are of very high quality, nutritious, and convenient, without compromising on flavor, and are enjoyed by an engaged and loyal customer base across North America.”
The executive went on to say, “The Kevin’s Natural Foods team has delivered impressive growth since it was founded four years ago, and we look forward to drawing on our experience of nurturing and scaling founder-led brands to help bring their products to even more people.”
Photo by: Pablo Merchán Montes/Unsplash
