CJ CheilJedang buys majority stake in frozen food business Schwan’s in US$1.84bn deal
date:Nov 19, 2018
usinesses being sold to CJ CheilJedang and will also retain 100 percent ownership in Schwans Home Service, Inc., which represents the home-delivery business that Marvin Schwan launched in 1952.

The sale will include Schwans manufacturing and logistics operations and various professional and administrative services.

The acquisition comes shortly after CJ CheilJedang acquired US firm Kahiki Foods and Germanys Mainfrost to bolster its foreign business.

This is an exciting time at Schwans. Over
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