Hive Bidco, a wholly-owned indirect subsidiary of US confectionery firm Mars, has signed an agreement to acquire Hotel Chocolat, a UK chocolate manufacturer and retailer, in a deal worth £534 million ($663 million). Hotel Chocolat established its first store in North London nearly two decades ago, subsequently expanding to over 130 UK locations. The firm also has a presence in Japan and the Caribbean. Commenting on the acquisition, Mars Snacking …
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Mars, the leading food multinational, has signed an agreement to acquire Kevin’s Natural Foods, a manufacturer of sous-vide meals, sides and sauces, to bolster its Mars Food & Nutrition segment. Kevin’s Natural Foods is described as a maker of chef-inspired meals using whole foods and simple ingredients. The product ranges are described as being free from refined sugar, artificial ingredients, grains, soy, antibiotics and hormones. Commenting on the acquisition, Mars …
Mars, the leading food multinational, has announced an investment of $112.6 million ($76.3 million) in its pet food facility in Wodonga, in Australia’s Victoria state. According to a report in Inside FMCG, the upgraded 7,800 sq m facility will mostly be dedicated to producing single-serve pouches for the company’s Whiskas, Advance, Optimum and Dine brands, adding a a combined annual capacity of 25 kilotonnes. Commenting on the move, Craig Sargeant, GM at Mars Petcare …
FMCG giant Mars has announced plans to discontinue its rice brands Uncle Ben’s and Raris in Brazil, with products being gradually withdrawn from sale over the course of the year, according to an article in Giro News. The two brands offer a range of rice products in pouches, including both white and wholegrain options. The decision will not affect the company’s employees as the plants currently used to produce rice …
Global leader in confectionery, snacking, food, and pet care products and services Mars, Incorporated, has acquired whole-fruit snack brand Tru Fru. Founded in 2017, Tru Fru is a innovate, better-for-you, high-quality snack made from real fruit, coated in premium chocolate and available in both frozen and shelf-stable. “We are thrilled to welcome one of the most innovative fruit-based snacks in the U.S. into the Mars family of brands. Tru Fru …
Mars, the global confectionery giant, is rolling out a range of vegan-labelled milk chocolate bars in the UK, according to a report in The Guardian. The new line-up under the Galaxy brand will be offered in the varieties Smooth Orange, Caramelised Hazelnut and Caramel & Sea Salt, and will come in 100g packs bearing Vegan Society certification. Reformulating its Galaxy bars to replace dairy ingredients with hazelnut paste and rice …
Mars, the global confectionery firm, has officially inaugurated a new facility in Brazil’s Sao Paulo state that will be dedicated to the manufacture of Snickers bars, according to a report in New Trade. The new plant, in the town of Gurararema, is said to have been built as part of a R$500 million ($120 millon) investment in Mars Wrigley Brazil, and will create 125 new jobs. The additional capacity reportedly …
Mars, the leading US food firm, has announced that it has signed a definitive agreement to acquire a significant majority stake in Foodspring, a direct-to-consumer targeted nutrition company based in Berlin, Germany. Foodspring will be incorporated within Mars Edge, a division of Mars focused on health and wellness. Foodspring is described as one of the largest and fastest growing targeted nutrition businesses in Europe, with currently six focus countries and …
Mars, the US-based food giant, has announced the launch of a new accelerator which aims to “help early stage food-focused companies fast-track growth”. Launched as Seeds of Change – named after the Mars Food organic seed and food brand – the accelerator will focus on start-up food brands, innovative experiential offerings, new business models, and emerging technology, selecting six US and four Australian participants to develop their business. Chosen companies will take part in a four-month mentorship program with …
International confectionery giant Mars is to spend $69 million constructing a new manufacturing facility for its Wrigley’s chewing gum division in Kenya, according to a report in the Daily Nation. Once complete, the new plant will produce 7.8 billion pellets of chewing gum annually, raising Mars’ market share in chewing gum in Kenya to 75%. Aside from Kenya, the plant is also expected to serve other east African markets such …
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