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Thursday, August 21, 2008
Snack Machine Trips Getting More Expensive
Associated Press
HARRISBURG, Pa.--The maker of Snickers bars and M&Ms candies says it is raising prices on various items to offset the higher costs of raw materials, packaging and energy.
The statement issued this week by Mars follows a similar announcement by its larger rival, The Hershey Co. (HSY)
The privately held Mars did not say which products will go up in price, or by how much.
But it said the majority of the price increases will take effect Oct. 17, while several other changes will be introduced through next March.
Mars also announced a price increase in January, as did Hershey.
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