Giant Food Mars plans to invest $ 2 billion by the end of 2026 to expand their manufacturing capabilities in the United States and promote product innovation.
The M&M, Dnickers and the original manufacturer of Ben said that the investment will increase production in America, where 94% of the products of Mars sold are made locally. Mars previously spent $ 6 billion over the past five years to expand its manufacturing footprint.
“This investment seeks to build a stronger and resistant business in the United States,” Claus Aagaard, CFO de Mars, said in a statement. “The US is our largest and most important market and a key large -term growth engine.”
Although, in Virginia, Mars is better known for its candy and sweets business, it also has a great presence in pet and snack food bars, including the Nature bakery, which it acquired in 2020.It is also in the process of process Buy the Kellanova snack giant for about $ 36 millionAn agreement that would add Chez-It, Pringles, Egypt and Pop-Carts to his already extensive portfolio.
Mars’s decision to invest billions in North -American Innovation and Innovation should help meet demand and provide capabilities to add new products, as well as innovate existing ones.
Mars said that $ 2 billion investment includes a $ 240 million installation for the Nature Bakery in Utah that opens on Wednesday. The plant will create more than 230 new jobs in the region and expand the brand’s capacity, with the ability to produce about a billion bars each year.
Nature’s Bakery has been a bright place for Mars. The company said last November that the healthiest Refrigeri bar with gentle published a 30% increase in volume During the previous year, increasing the slowdown of the Snack Bar category.
