CJ Cheiljedang buys U.S., German frozen food firms

Home > Business > Industry

print dictionary print

CJ Cheiljedang buys U.S., German frozen food firms

CJ Cheiljedang, Korea’s leading food manufacturer, said Tuesday it will buy U.S. and German frozen food companies as it moves to expand its presence in overseas markets.

The Korean food maker said the deals with U.S.-based Kahiki Foods and Germany’s Mainfrost are expected to be wrapped up by next month. The prices were not disclosed.

The acquisition of the U.S. company will raise the number of CJ production bases in the North American country to four from the current three.

The takeover of Mainfrost comes amid growing popularity of CJ Cheiljedang’s dumpling brand, Bibigo, in Europe.


Yonhap
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now