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M&M's maker Mars looks to diversify, announces acquisition of healthy food maker Kevin's Natural Foods

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Mars Inc announced that it is buying Kevin’s Natural Foods as the food giant looks to diversify its portfolio and acquire more healthy food options.

on Wednesday announced their plan to acquire Kevin's Natural Foods, which is known for its sous-vide meals, sauces, and side dishes, in a bid to enhance its roster of healthy offerings, the companies announced.

The deal values private equity-backed Kevin's Natural Foods at nearly $800 million, according to people familiar with the matter. Kevin's started exploring options, which included a sale of the company, earlier this year.

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