2021 Top 100

Top 100 Food and Beverage Company Highlights: #6 Mars

At the end of 2020, Mars announced its acquisition of Kind North America, a maker of healthy granola and energy bars. The financial terms of the transaction have not been disclosed; however, The New York Times reported that it valued Kind at approx. $5 billion, citing sources with knowledge of the deal.

Mars launched numerous products, including its 100 calorie Mars, Snickers and Twix bars; vegan versions of its Bounty and Topic chocolate bars; M&M’s Crunchy Cookie in the US, which features a crunchy cookie-flavored center covered in milk chocolate and wrapped in the brand’s iconic candy shell; orange-flavored Malteser products; Snickers Peanut Brownie Ice Cream bar; and much more.

In January, Mars U.K. announced a £350 million sustainable logistics project with DHL, in an effort to reduce its logistics carbon footprint. It also initiated a two-year partnership with Danimer Scientific, a manufacturer of biodegradable materials, which will see the companies develop biodegradable packaging from natural ingredients. Meanwhile, Mars and AAK joined forces with a number of organizations in a public-private partnership aimed at improving the livelihoods of women working in Ghana’s shea supply chain.

Ranking (last five years):
2021	6
2020	6
2019	7
2018	7
2017	8

Year end:	December 2020
Currency:	USD
Total sales, local currency:	37,000
Food sales, local currency:	37,000
Total sales, $m:	37,000
Food sales, $m:	37,000

KEY LEADERSHIP
Grant F Reid, CEO and Office of the President
Claus Aagaard, CFO
Stefanie Straub, VP and General Counsel
Jean-Christophe Flatin, President of Innovation, Science, Technology and Mars Edge
Andrew Clarke, Global President, Mars Wrigley