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CJ CheilJedang buys majority stake in frozen food business Schwan’s in US$1.84bn deal
date:Nov 19, 2018
South Korean food manufacturer CJ CheilJedang has bought a majority stake in Schwans, a US food manufacturer with brands such as Tonys, Red Baron, and Freschetta pizza, for US$1.84 billion. CJ CheilJedang says that the deal, expected to close by next year, will help it expand overseas.

The deal will include 80 percent of Schwans Company and specific subsidiaries that focus on retail foods, grocery channels and food-service venues. The Schwan business will retain a 20 percent ownership in the b

12/21 18:11