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HARRISBURG, Pa. — Mars has closed a $23 billion deal to purchase chewing-gum giant Wrigley, the companies said Monday, bringing together two household names to make the world’s largest candymaker.
Stock of Wrigley, a landmark in Chicago where the company began in 1891, ceased trading publicly as the owner of one of the world’s most popular chewing-gum brands, Orbit, becomes a subsidiary of Mars.
“Becoming part of Mars opens up a world of opportunity for the expansion of our brands, the growth of our business and the development of our associates,” Wrigley’s executive chairman, Bill Wrigley Jr., said in a statement.
