Mars Inc. Makes More Off Your Pet Than Off Your Sweet Tooth

Mars Inc. is doubling down on the pet industry.

You may know it as the maker of M&M's and Snickers, but Mars Inc. now makes more money off your pet.

The candy giant announced Monday that it spent nearly $8 billion to acquire VCA, a vast network of veterinary hospitals and doggy day cares.

Mars isn't new to the pet industry. It already owns the Pedigree and Iams brands and over 1,000 veterinary clinics.

In fact, if you've gone to the veterinarian inside a Petsmart, you might have given money to Mars.

But with VCA under its wing, Mars officially makes more in revenue from its pet business than it does from candy and gum.

The shift in business priorities corresponds with changing American views. Many people think of pets as part of the family, and they're willing to spend more to keep those pets healthy.

Featured Stories
A person holds a phone with the Uber app open while people walk past.

Uber Investigating Allegations Of Sexual Harassment

Milo Yiannopoulos

Milo Yiannopoulos Loses CPAC Gig Over Pedophilia Comments

Chicago skyline

What Are The 2 Chicagos?

Now Watching
Mars Inc. Makes More Off Your Pet Than Off Your Sweet Tooth
Want to see more stories like this?
Like Newsy on Facebook for More Company News Coverage