Mars, Incorporated announced plans to invest an estimated $1.4 billion into its U.S. manufacturing and operations footprint in 2027, according to a November 10 report. This planned expenditure represents the largest single-year investment in the company's domestic operations.
The investment aims to expand manufacturing capabilities and accelerate growth across the company's portfolio of services. As part of this expansion, the Trü Frü brand will expand its production in Salt Lake City.
Mars, Incorporated produces more than 40 U.S. brands, including M&M's and Cheez-It. Claus Aagaard, CFO of Mars, Incorporated, stated that the company's commitment to American manufacturing is at its strongest as the business marks 115 years in operation. Aagaard noted that 94 percent of Mars products sold in the U.S. are manufactured domestically, which reflects decades of investment in operations, people, and local communities.
The 2027 investment builds upon more than $9 billion that the company has invested across its domestic operations since 2017. The company stated the continued investments are intended to meet the evolving needs of consumers for generations to come.
