M&A Deal Summary

CJ Cheiljedang Acquires Schwan s Company

On November 15, 2018, CJ Cheiljedang acquired food company Schwan s Company

Acquisition Highlights
  • This is CJ Cheiljedang’s 1st transaction in the Food sector.
  • This is CJ Cheiljedang’s 1st transaction in the United States.
  • This is CJ Cheiljedang’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2018-11-15
Target Schwan s Company
Sector Food
Buyer(s) CJ Cheiljedang
Deal Type Add-on Acquisition

Target

Schwan s Company

Marshall, Minnesota, United States
website
Schwan’s Company is a frozen food company that operates nationwide frozen food manufacturing infrastructure and sales network. The Company has 17 manufacturing facilities and 10 distribution centers in the US, and competes with global food companies including Nestlé in the frozen pizza, frozen pie, and frozen Asian appetizer categories with #1 or #2 in market shares.

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Buyer(S) 1

Buyer

CJ Cheiljedang

Seoul, South Korea

website

Category Company
Founded 1953
Sector Food
Revenue 24,245.7B KRW (2020)
DESCRIPTION

CJ Cheiljedang engages in food and food ingredient, bioengineering, and feed and livestock businesses in South Korea and internationally. CJ Cheiljedang aims to globalize the taste of Korea through creating balanced taste between Korean cuisine and local preferences and share healthy and convenient lifestyle. CJ Cheiljedang manufactures and sells sugar, flour, and pre-mix products, and oil and fat products under the Haechandle, Dasida, and Petitzel brand names. CJ Cheiljedang was incorporated in 1953 and is headquarters in Seoul, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-23 CJ Foods America

La Palma, California, United States

CJ Foods America is the U.S. food operations manufacturer and distributor of Asian food products with a focus on Korean food. Through brands, Bibigo and Annie Chun's, CJ Foods are able to offer an extensive range of packaged food products, including dumplings, noodles, and sauces. Backed by a global company with over 60 years of experience in the food industry, CJ Foods’ mission is to drive awareness of Asian food, especially Korean food, and provide only the best quality products to U.S. households across the nation.

Sell -
Mergr

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Company

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