Mars Food, the European arm of Virginia-based Mars Inc, has signed a definitive agreement to acquire Preferred Brands International, based in Connecticut. The deal is expected to close by the fourth quarter of 2017, subject to regulatory approvals. Preferred Brands International, a manufacturer and marketer of ready-to-heat Indian and Asian...
Mars Inc., and India’s Tata Trusts Collaborate
Mars Food President Fiona Dawson and Mars family member Stephen Badger traveled to Mumbai on January 6 to sign a Memorandum of Understanding with the Tata Trusts and meet with its Chairman, Ratan Tata. Tata Trusts is a coalition of philanthropic trusts headquartered in India, with a mission to improve the...
Mars Battles Mondelez in India's Chocolate Wars
Mars Inc will invest $160 million to establish a production plant for its Snickers brand in Pune, Maharashtra. Announcing the move, the company said it is setting up local production to cater for growing demand in the Indian confectionery sector. Mars India general manager M.V. Natarajan stressed the magnitude of...
Mars Inc. to Invest $160 Million in India Factory
Mars Inc., the world’s biggest chocolate company, will invest over $160 million to set up its manufacturing plant in Pune, in the state of Maharashtra. Mars International India, its wholly-owned India arm, signed a memorandum of understanding with the Maharashtra government on Wednesday to this effect. This will be one...