The maker of popular candies and gum, including M&M’s and Milky Way, is investing $6 billion in U.S. factories.
The Wall Street Journal reports that $2 billion of the six will be invested in the next 18 months with a focus on scaling new businesses, including building a new factory for Nature’s Bakery. (Mars brand Kind, which was founded by “Shark Tank” investor Daniel Lubetzky, acquired Nature’s Bakery in 2020.)
Mars CEO Poul Weihrauch posted on LinkedIn Tuesday that 94% of Mars products sold in the U.S are “produced locally in the U.S.” The company also said it has created 9,000 jobs over the last five years with its investments.
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