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MARS ACQUIRES TURIN CHOCOLATES

Mars Chocolate announced it has successfully completed its acquisition of Turin, the manufacturer of high-quality chocolates in Mexico since 1928. Turin owns iconic brands including CONEJOS®, EXOTICAS®, HUEVITOS®, CEREZAS®, and TURIN® Specialty Chocolates.

Turin is a complementary addition to Mars Chocolate in Mexico and will create incremental opportunities to delight consumers and create growth in the Mexican chocolate category.

In addition to leveraging Turin’s robust Food Service business, Mars Chocolate will also be able to bring products to the market in new and innovative ways.

Mars is excited to welcome the great talent that will join Mars as part of this transaction; with the integration, Mars Chocolate will add more than 800 Associates from Turin, 20 chocolate boutiques, and a manufacturing facility located in Toluca.

As family owned businesses, Mars and Turin share similar core principles and values. Like Mars, Turin has a strong commitment to quality, enabling them to build trusted brands that consumers love. With over 85 years of experience, Turin has a long history of building strong global partnerships, and Mars Chocolate is pleased to continue that tradition.

“We are tremendously excited about our future together as a single company in a highly competitive market. It will be very rewarding to retain the essence of Turin, a heritage Mexican company, while leveraging Mars’ global expertise,” said Lucia Kuri, Integration Director for the acquisition.

The combined operations will continue to innovate and deliver value for our consumers which is sure to create new opportunities in the Mexican chocolate category.