Kahiki will operate as a subsidiary of CJ America, still headquartered in Gahanna, Ohio.
Kahiki Foods Inc., Gahanna, Ohio, announced that its owners, ABARTA Inc., Pittsburgh, Pa., signed an agreement to sell 100% of the stock to CJ CheilJedang, Seoul, Korea.
"This is an extraordinary time for our company. CJ CheilJedang has a very successful track record, particularly in the food industry in Asia, and they have ambitious plans for their food business in the U.S. With the additional support and resources that a global food company can provide, we think we can really accelerate the performance of our iconic brand in the growing and dynamic Asian frozen food category. Our goal has always been to excite and delight our consumers, and this change will help us bring that excitement to more consumers in more places around the country," says Martin Kelly, president and CEO.