CJ CheilJedang executives visited the Veterans Memorial Park Thursday morning as part of their visit to CJ Bio America plant, along with several sites in Fort Dodge and Webster County. Hyun-Jae Shin, the company’s chief executive officer, placed a bouquet, then bowed and observed a minute of silence. “Not only us,” he said through an interpreter, “but all the Koreans would like to thank you and all the veterans for the sacrifice they made during the war.” He believes that the future will bring better things. “A better future lies ahead,” he said. “For the U.S. and its allies. We will try our best to expand in the U.S. and do the best for Fort Dodge and Webster County. We will never forget your service and sacrifice.”
Schwan’s Company, a leading U.S. food business, and CJ CheilJedang (CJCJ) announced today that they have closed on the transaction for CJCJ’s acquisition of Schwan’s and several of its subsidiaries. With this announcement, Schwan’s Company is now operating as a subsidiary of CJ CheilJedang.
South Korean food giant CJ CheilJedang is continuing its aggressive expansion into the U.S. market, with the recently announced acquisition of American frozen food maker Schwan's. The acquisition, the largest-ever by CJ CheilJedang, will more than quadruple the number of its food-processing factories in the U.S. to 22. By bringing Schwan's under its umbrella, CJ CheilJedang intends to tap the entire U.S. market, including smaller cities.