Deals Counterparts

Mars completes C$180 million investment in Canadian food processing facilities

Investment Agriculture announced Canada Mar 19, 2026
USD131M
Deal Value

Mars, Inc. completed a C$180 million ($131 million) investment to strengthen its manufacturing, innovation, and workplaces across four Ontario-based facilities in Canada. The capital expenditure, distributed between 2022 and 2026, benefited Mars' snacking, pet nutrition, food and nutrition, and Royal Canin operations. Specific upgrades included C$40 million for packaging line enhancements in Newmarket, increasing production capacity by 25% and reducing electricity usage by 40% and compressed air consumption by 75%. An additional C$17 million was allocated to Mars Food & Nutrition operations in Bolton, enhancing production lines for Ben’s Original and other brands, boosting capacity by 8% and reducing energy usage by 93 kilowatt hours per day. Further investments included C$86 million for manufacturing upgrades within Mars Pet Nutrition in Bolton and C$39 million to modernize Royal Canin operations in Guelph. This investment underscores Mars' commitment to advancing innovation, sustainability, and workplace modernization within the Canadian market.

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Deal Analysis

Mars, Inc. completed a C$180 million ($131 million) investment in four Ontario-based facilities, funding manufacturing, innovation, and workplace upgrades across its snacking, pet nutrition, food and nutrition, and Royal Canin operations. The expenditures occurred between 2022 and 2026, with C$40 million allocated to packaging line enhancements at the Newmarket site, increasing production capacity by 25% and reducing electricity usage by 40% and compressed air consumption by 75%. An additional C$17 million was spent on Mars Food & Nutrition operations in Bolton to upgrade production lines for Ben’s Original and other brands, raising capacity by 8% and cutting energy use by 93 kilowatt hours per day, while C$86 million was invested in Mars Pet Nutrition in Bolton and C$39 million in Royal Canin operations in Guelph. The announcement was made on March 19, 2026, with no details provided on financing structure or regulatory approvals.
  • C$180 million ($131 million) total investment by Mars, Inc. in Ontario facilities
  • C$40 million spent in Newmarket, increasing production capacity by 25%
  • 93 kilowatt hours per day in energy savings at Mars Food & Nutrition facility in Bolton
  • C$86 million allocated to Mars Pet Nutrition in Bolton, C$39 million to Royal Canin in Guelph
  • Investment period: 2022 to 2026; announcement date: March 19, 2026

Timeline

Announced
Mar 19, 2026
Signed
Closed

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