Mars Completes Acquisition of Kellanova

CK Snacks (Cheeze Kurls) Acquires Keystone Food Products

March 25, 2026

Consumer Products

CK Snacks (Cheeze Kurls, LLC) acquired Keystone Food Products, Inc., a snack food manufacturer and co-packer based in Easton, Pennsylvania. The deal expands CK Snacks’ manufacturing footprint and capabilities—adding a state-of-the-art Eastern Pennsylvania facility focused on masa and cooked corn tortilla chips, extruded snacks, party mixes, pellets, and natural/organic snack lines.

Ferrero Acquires WK Kellogg Co

September 26, 2025

Food & Beverage

Ferrero completed its acquisition of WK Kellogg Co, which became a wholly owned subsidiary. The previously announced deal valued WK Kellogg at $23.00 per share in cash (total enterprise value of $3.1 billion) and supports Ferrero’s strategic growth in North America.

Mars, Incorporated to Acquire Kellanova (Financed with $26 Billion Senior Notes)

March 5, 2025

Consumer Products

Mars, Incorporated priced a previously announced private offering of $26.0 billion of senior notes. The company said it intends to use the net proceeds, along with other financing sources and cash on hand, to fund its pending acquisition of Kellanova, subject to customary closing conditions and regulatory approvals.

Nexus Capital Management Acquires CK Snacks (Cheeze Kurls)

June 17, 2024

Food & Beverage

Los Angeles-based Nexus Capital Management acquired Cheeze Kurls, LLC (CK Snacks), a Grand Rapids-based private-label snack food manufacturer, from Kilroy Partners. Nexus will partner with CEO Jamie Colbourne and management to support the company's next phase of growth in retail, grocery and drugstore channels.

Mars, Incorporated Acquires Kevin's Natural Foods

July 5, 2023

Food & Beverage

Mars, Incorporated has signed an agreement to acquire Kevin's Natural Foods, a Modesto-based maker of chef-inspired sous-vide nutritious meals. Kevin's will operate as a standalone business within Mars Food & Nutrition; the deal includes the exit of minority investors TowerBrook Capital Partners and NewRoad Capital Partners and is expected to accelerate Kevin's product innovation and distribution reach.

Mars, Incorporated Acquires KIND North America

November 17, 2020

Food & Beverage

Mars, Incorporated announced the acquisition of KIND North America, bringing the business into the Mars Family of Companies and combining it with KIND International. Founder Daniel Lubetzky will retain an ongoing financial stake and the deal is intended to accelerate KIND's expansion across geographies and product categories as part of Mars' healthy snacking platform.