Mars, Inc. announced a merger agreement with Chicago-based Wm. Wrigley Jr. Company in a transaction valued at approximately $23 billion. Under the terms of the agreement, Wrigley will become a separate and standalone subsidiary of Mars.
With the US and South Korea now exploring a possible free trade agreement, Cal Dooley, president and CEO of the Food Products Association, says a deal between the two countries could be beneficial to the food industry.