By Anirban Sen and Abigail Summerville
NEW YORK (Reuters) – Family-owned food giant Mars Inc on Wednesday agreed to buy Kevin’s Natural Foods, which is known for its sous-vide meals, sauces, and side dishes, the companies said.
The deal values private equity-backed Kevin’s at nearly $800 million, according to people familiar with the matter. Kevin’s started exploring options, which included a sale of the company, earlier this year.
McLean, Virginia-based Mars, which generates about $48 billion in annual sales, has three major businesses – Mars Petcare, Mars Snacking, and Mars Food & Nutrition.
After the deal is completed, Kevin’s will
…