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

Mars Completes Acquisition of Kellanova

December 11, 2025

Food & Beverage

Mars, Incorporated completed its acquisition of Kellanova, bringing together Mars’ snacking portfolio with Kellanova’s billion-dollar brands such as Pringles, Cheez-It and Pop-Tarts. The transaction was announced in August 2024 and received the remaining regulatory approvals by December 8, 2025.

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.

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 to Acquire Heska Corporation

April 3, 2023

Healthcare Services

Mars, Incorporated entered into a definitive agreement to acquire Heska Corporation, a global provider of advanced veterinary diagnostic and specialty products, for $120.00 per share. The deal is intended to expand Mars Petcare’s Science & Diagnostics capabilities and broaden point-of-care veterinary diagnostic offerings, with closing anticipated in the second half of 2023.

Trevelino/Keller Acquires Marsden Marketing

August 19, 2024

Marketing & Advertising

Trevelino/Keller, an Atlanta-based growth PR and marketing firm, has acquired Marsden Marketing to add strategic, technological and tactical marketing capabilities to its service offering. The acquisition brings Marsden's expertise in digital advertising, demand generation and account-based marketing into Trevelino/Keller's broader inbound/outbound/reputation platform.

Arcline Investment Management to Acquire Novaria Group from KKR for $2.2 Billion

November 10, 2025

Industrial Services

Arcline Investment Management has entered into a definitive agreement to acquire Novaria Group for $2.2 billion. The deal will provide cash payouts to Novaria employees under the company’s employee ownership program and is expected to support Novaria’s continued expansion across the aerospace and defense supply chain.