Mars Inc. Acquires Kellanova, an Offshoot of Kellogg Company, for $36 Billion

Mars will acquire Kellanova, adding Pringles, Cheez-It, and Pop-Tarts to its portfolio in a $35.9 billion deal announced on Aug. 14.

People visit the M&M store in Times Square In New York, on July 24, 2014. Spencer Platt/Getty Images

The maker of M&Ms and Snickers candies has announced it will acquire the company behind well-known brands like Pringles chips , Cheez-It crackers, and Pop-Tarts in a massive $35.9 billion deal.

Mars Inc., a well-known brand dealing in categories such as snacks, pet care, and food, revealed in a press release on Aug. 14 that it has reached an agreement to purchase Kellanova, another prominent name in global snacking and food products.