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

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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