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USA- Mars Incorporated, one of the largest privately held companies in the United States in terms of revenue, is investing in addressing climate change by prioritizing sustainability in its petcare business through various initiatives. One of these initiatives involves NUTRO™, a natural pet food brand owned by Mars and founded nearly 100 years ago. This year, NUTRO expanded its partnership…
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USA- Mars, Incorporated recently announced that it had finally completed its acquisition of Heska Corporation, an advanced veterinary diagnostic and product company based in Loveland, for US$120 per share. According to Mars, as of March 31, 2023, the transaction price represented a premium of about 38% over Heska’s 60-calendar day volume weighted average price and a premium of about 23%…
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AUSTRALIA- Mars Petcare Australia recently announced a US$77 million (112.6 million AUD) investment to expand its pet food manufacturing capabilities in Wodonga, Australia, allowing for the construction of a new cat food facility. According to Mars Petcare Australia, this latest investment builds upon its over US$55.8 million investment at the facility during the past five years. The project is bound…
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