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Who owns Mars?

By Zippia Team - Aug. 22, 2022

The Mars family owns Mars with a 100% stake in the company. The current board of directors consists of several Mars family members.

Mars was founded in 1911 when Frank Mars started selling candy out of his kitchen in Tacoma, Washington. Frank's son, Forrest Sr, joined the company in 1929 and helped his father develop the malt-flavored nougat that became the basis of the Milky Way candy bar.

Mars is headquartered in Tacoma, Washington, and operates four business segments around the world:

  • Mars Wrigley Confectionery

  • Petcare

  • Food

  • MARS Edge

Mars is a company that is known for its confectionery items:

  • Mars bars

  • Milky Way bars

  • MMs

  • Skittles

  • Snickers

  • Twix

Mars also produces non-confectionery snacks and other foods, including Ben's Original and Dolmio. They also manufacture pet foods such as Pedigree, Whiskas, and Royal Canin brands.

Mars remains a family-owned business and in 2020 reported revenues of $37 billion. Mars employs over 130,000 employees.

Who owns Mars?

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