Schwan’s Co. is now operating as a subsidiary of CJ CheilJedang.
CJ CheilJedang (CJCJ), a South Korea-based food processor, acquired Schwan’s Co., Bloomington, Minn., and several of its subsidiaries. As a result, Schwan’s Co. is now operating as a subsidiary of CJ CheilJedang.
“This is an exciting time at Schwan’s. By combining our operational capabilities with CJCJ, we are creating a much stronger business that will benefit everyone who has a stake in our success,” says Dimitrios Smyrnios, chief executive officer of Schwan’s. “CJCJ is a strong global company that brings a proven commitment to making bold investments in future growth, whether it’s in product innovation, brand building or manufacturing and logistics infrastructure. And, CJCJ will benefit greatly from Schwan’s talented employees, iconic brands, expansive distribution network and manufacturing capabilities and insights into the U.S. food consumer and marketplace.”