USA | Mars announced that the U.S. Federal Trade Commission (FTC) has concluded its antitrust review of Mars’ pending acquisition of Kellanova.
Poul Weihrauch, CEO and Office of the President, Mars, Incorporated, was very pleased that the FTC has completed its review of the transaction without imposing any conditions or requiring any remedy.
The transaction has now received all but one of the 28 required regulatory clearances, with only the review by the European Commission outstanding. This has brought Mars one step closer to uniting two iconic businesses with complementary footprints and portfolios, allowing us to deliver more choice and innovation to consumers.
Steve Cahillane, Chairman, President, and CEO of Kellanova, added that this represented a significant milestone on the path to combining Mars Snacking and Kellanova.
“We continue to believe this is an exciting opportunity to create a broader, global snacking business that is better positioned to meet evolving consumer needs and preferences.”
Based on the current status of the ongoing antitrust review by the European Commission, Mars and Kellanova expect the transaction to close towards the end of 2025, subject to customary closing conditions. The exact timing cannot be predicted with any certainty at this point.
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