November 15, 2018 / 5:20 AM / a month ago

CJ Cheiljedang says acquires U.S. food firm Schwan's Company for $1.9 bln

SEOUL, Nov 15 (Reuters) - South Korean food giant CJ CheilJedang Corp said on Thursday it has acquired U.S. frozen foods firm Schwan's Company for 2.1 trillion won ($1.86 billion).

CJ CheilJedang said in a regulatory filing that the purchase of the U.S. food company through a special purpose entity was to accelerate its global food business by embarking on the U.S. market. ($1 = 1,128.6000 won) (Reporting by Ju-min Park; Editing by Muralikumar Anantharaman)

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