date:Nov 21, 2018
largest food firm CJ CheilJedang, also known as CJCJ, for $1.8bln, reported the Star Tribune. Schwans will retain 20% ownership, the CEO will remain in place, and the business will continue to run its home delivery service. The companys main operations will remain in Marshall, Minnesota, and the corporate offices in Bloomington, Minnesota. CJCJ will gain 17 food manufacturing facilities and 10 distribution centers in the U.S. Obviously theres a certain amount of nervousness with a sale, Dimitri