Sept 18 (Reuters) - Mars, the maker of M&M's and
Skittles, said on Thursday it will invest 1 billion euros ($1.18
billion) in its European Union operations by the end of 2026 to
boost manufacturing, sustainability and innovation pipeline in
the region.
The new investment builds on more than 1.5 billion euros
that the candy maker has already poured into EU manufacturing
over the past five years. Mars operates 24 factories across 10
EU countries, employing 25,000 people.
Last year, Mars announced a $36 billion deal to acquire
Pringles maker Kellanova ( K ). The deal has cleared U.S.
antitrust review but remains under scrutiny in the European
Union.
($1 = 0.8482 euros)