Mars Inc.’s Expansion in Pet Care Industry
Mars Inc. owns brands like Wrigley and pet food companies and is a leading company in the pet care industry. The acquisition of VCA Inc. for $7.7 billion signifies Mars’ efforts to expand in the fast-growing pet health care sector. VCA operates as a separate unit under its current leadership, potentially leading to future synergies between Banfield and VCA.
Mars Inc.’s Legacy in Candy and Pet Care
Mars Inc. is a significant player in both the candy and pet care industries. It started with a candy factory in 1911 and later ventured into pet care, becoming a major player in both sectors. The company’s successful acquisitions and investments have made it a prominent name in the PetCare industry.
VCA’s Acquisition by Mars: Creating a Petcare Empire
Mars acquired VCA for $7.7 billion, expanding its network to control over 800 animal clinics. This strategic move transforms Mars to one of the world’s largest animal care companies, complementing its existing position as the world’s largest animal food manufacturer. The deal will add VCA’s veterinary hospitals and diagnostic laboratories in the U.S. and Canada to Mars’ petcare empire.
Ownership and Acquisition Details
Veterinary Centers of America (VCA) was founded in 1986 and has evolved over the years through strategic acquisitions. Mars Inc. completed the acquisition of VCA, with VCA operating as a distinct business unit within Mars Petcare. The acquisition strengthens Mars’ position in the pet care industry and expands its reach in providing veterinary care services.
Mars Inc. is an established multinational manufacturer of confectionery and pet food products, with brands like Wrigley and VCA Inc. With its presence in various segments such as Mars Wrigley Confectionery, Petcare, Food, and MARS Edge, Mars Inc. has successfully established a global market presence across different sectors.