How the FDA is Monitoring Lead in Food + Mars' $36 Billion Acquisition of Kellanova
Manage episode 435554154 series 2900041
The presence of lead in food remains a critical concern for the US Food and Drug Administration (FDA). Lead, a toxic metal, can enter the food supply through environmental contamination during the growing, raising or processing of foods. In this episode of the Xtalks Food Podcast, Sydney talks about how lead contamination in food can arise and what the FDA is doing to monitor lead levels. Food manufacturers bear significant responsibility under US law to minimize or eliminate chemical hazards, including lead, from their products. The FDA’s regulatory framework, including action levels and compliance policy guides, provides clear directives for the industry. The FDA’s approach extends beyond regulation enforcement to include collaboration with industry and other stakeholders. The team wonders why lead was previously used in plumbing and paint and learns about lead’s name on the periodic table.
Also in this episode, Sydney talks about Mars’ recent acquisition of Kellanova in a $36 billion deal. This acquisition marks one of the most significant transactions in the food industry this year, expanding Mars’s reach into the snack and cereal markets. Mars, known for its iconic brands like M&M’s and Snickers, has agreed to purchase Kellanova for $83.50 per share in an all-cash transaction. Kellanova, which was formed in 2023 after Kellogg’s separation of its breakfast cereals and snacks businesses, brings well-known brands such as Cheez-It, Rice Krispies Treats and Eggo waffles to Mars’s portfolio. Mars, one of the largest family-owned businesses globally, boasts annual sales exceeding $50 billion and employs over 150,000 people. The team wonders whether Kellanova’s branding or product formulations will change.
Read the full article here:
Lead in Food: Regulatory Imperatives and Industry Responsibilities:
https://xtalks.com/lead-in-food-regulatory-imperatives-and-industry-responsibilities-3763/
Mars Acquires Kellanova in $36 Billion Deal:
https://xtalks.com/mars-acquires-kellanova-in-36-billion-deal-3768/
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