Mars makes chocolates, snacks and other products for Earth's consumers. Mars makes global brands M&M's, Snickers, and the Mars bar. Other confections include 3 Musketeers, Dove, Milky Way, Skittles, and Twix. Its products portfolio also boasts Seeds of Change organic food, the Klix and Flavia beverage systems, Combos and Kudos snacks, Uncle Ben's rice, and pet food made under the Pedigree, Sheba, and Whiskas labels. Mars owns the world's largest chewing gum maker, Wm. Wrigley Jr. Company, as well. The Mars family -- including siblings and chairman Victoria B. Mars, VP Jacqueline Badger Mars, and former CEO Forrest Mars Jr. -- owns the highly secretive company, making the family one of the wealthiest in the US.
As a rule, Mars likes to stay out of the press and maintains a virtually debt-free business, using its profits for expansion. The company operates through six segments: Chocolate, Drinks, Food, Petcare, Wrigley, and Symbioscience.
Mars Chocolate, based in Mount Olive, New Jersey, operates across more than 20 countries and counts five billion-dollar global brands: M&M's, Snickers, Dove/Galaxy, Mars/Milky Way, and Twix.
Mars Drinks operates throughout North America, Europe, and Asia with a portfolio of five brands: Klix, Flavia, Alterra, The Bright Tea Co., and Dove/Galaxy hot chocolate. It boasts a US headquarters in West Chester, Pennsylvania, and a UK office in Basingstoke.
Mars Food, based in Brussels, Belgium, consists of about a dozen brands that are available in more than 28 countries. The unit's billion-dollar brand -- Uncle Ben's (rice) -- is more than 50 years old. The segment also has several other brands: Dolmio, Masterfoods, Seeds of Change, Ebly, Royco, Kan Tong, Suzi Wan, and Raris. The business includes Mars Foodservices, which is focused on making brands available through foodservice channels the likes of restaurants, schools, hotels, hospitals, and other out-of-home outlets. The food business boasts 11 manufacturing sites.
Mars Petcare, based in Brussels, Belgium, spans 50 countries and includes more than 40 brands, with billion-dollar brands such as Pedigree, Whiskas, and Royal Canin.
Chicago-based Wrigley is a top global gum and confections maker, operating in 50 countries with a portfolio of more than 40 brands and two billion-dollar brands: Extra and Orbit. Other brands include Doublemint, Life Savers, Skittles, 5, and Starburst. Altoids, Juicy Fruit, and Wrigley's Spearmint are each more than 100-year-old brand names. It distributes products in more than 180 countries.
Mars Symbioscience, with brands CocoaVia, Wisdom Panel, and Seramis, operates in three countries from its headquarters in Germantown, Maryland. The health and life sciences operation consists of Mars Botanical, Mars Veterinary, and Mars Plantcare.
Five principles provide a foundation for Mars. Defining its culture and the way the company conducts business is quality, responsibility, mutuality, efficiency, and freedom. These principles, the company says, unite its geographies, languages, cultures, and generations.
The McLean, Virginia-based food company runs a global business with the help of some 421 factories in 78 countries in in Africa, Asia, Australia, Europe, North America, and South America.
Sales and Marketing
Mars sells its products worldwide through retailers.
Mars generates more than $35 billion in net sales, thanks to its diverse revenue streams through its six business segments.
Mars opened its first new chocolate plant in 35 years in 2014 near Topeka, Kansas. The new $270-million facility will help to meet growing US demand for Snickers candy bars and M&M's. As part of its ongoing strategy, the company leverages the strength of existing brands to launch products that are extensions of popular core products. Indeed, Mars has been lured by the trend of sweet-and-savory foods by launching a M&M's with salted pretzel centers called M&M's Pretzel Chocolate Candies. The company has further expanded its M&M's brand with limited varieties, such as its coconut M&M's and flavors that tie into big-screen movies. The candy brand, first launched in the 1940s, boasts a service for consumers to create their own custom M&M's with phrases and photos. Building on this service, Mars in 2011 rolled out a similar product named MyExtra for its Wrigley gum that allows consumers to customize wrappers on Extra gum packs.
Mars has held its own in the confectionery sector against international rivals the likes of Nestle by inking its fair share of sweet deals. The candy company's savvy takeover of chewing gum giant Wrigley (valued at some $23 billion) in 2008 brought together a pair of iconic US companies, both of which already had a substantial worldwide presence. Indeed, Mars has greatly expanded its product lineup with such well-known brands as Altoids, Life Savers, and Creme Savers, along with the best-selling chewing gum names Spearmint, Juicy Fruit, Doublemint, and a host of others. Together, the companies also flex increased global marketing and distribution muscle, as well as cost-savings in manufacturing and raw materials, given its size.
While the candy company counts on consumers who need sugar fixes, Mars also caters to canines. The company has taken a large bite of the pet food market with its Royal Canin, Pedigree, and Whiskas brands. As a strategic add-on business, the company's Pedigree brand peddles a product called Wisdom Panel, which is a DNA test kit for dogs that determines the pet's breed mix.
Mergers and Acquisitions
In early 2017 Mars agreed to acquire veterinary care chain VCA Inc. for $9.1 billion, including $1.4 billion in debt. Upon approval of the deal, VCA will become part of Mars Petcare, which operates veterinary companies Banfield Pet Hospital and Bluepearl and manufactures pet food brands Royal Canin, Pedigree, and Whiskas. The acquisition serves to strengthen Mars' dominant market presence in the thriving pet care industry.
The previous year, Mars Chocolate bought Turin, a manufacturer of high-quality chocolates in Mexico. Turin owns iconic brands including CONEJOS, EXOTICAS, HUEVITOS, CEREZAS, and TURIN Specialty Chocolates. The deal is aimed at creating growth in the Mexican chocolate category.
In a bid to grow its pet food business, Mars in August 2014 acquired the IAMS, Eukanuba, and Natura brands in North America and Latin America (and other select countries) from Procter & Gamble for $2.9 billion. The company plans to exercise its option to purchase P&G's pet food business in parts of Asia Pacific, the Middle East, and Africa.