Mars to Acquire Kellanova in $36 Billion Deal, Creating Snacking Powerhouse
ByAinvest
Friday, Dec 12, 2025 1:25 am ET1min read
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Mars Inc. has received final regulatory approval to acquire Kellanova, a spinoff of Kellogg Company, in a $36 billion deal. The acquisition will create a snacking powerhouse and is expected to be completed on December 11, 2025. Mars owns over 50 brands, including Snickers and M&M's, while Kellanova brings iconic names such as Special K, Rice Krispies, and Pop-Tarts. The deal is the largest food merger since Kraft-Heinz in 2015 and reflects the growing demand for healthier snacks.
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