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

CJ CheilJedang

15/11/2018 05:19

SEOUL, Nov 15 (Reuters) - South Korean food giant CJ
CheilJedang Corp  097950.KS  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)
 ((ju-min.park@thomsonreuters.com; +82 2 3704 5650; Reuters
Messaging: ju-min.park.thomsonreuters.com@reuters.net))