CJ CheilJedang, the South Korea-based food manufacturer, has reportedly announced plans to buy two frozen-food companies – Kahiki Foods in the US and Germany’s Mainfrost.

South Korean news agency Yonhap said today (28 August) CJ CheilJedang expects to close the deals by next month.

Earlier this summer, CJ CheilJedang was reported to have been eyeing US frozen-foods group Schwan’s.

Ohio-based Kahiki Foods makes a range of frozen, Asian foods including side dishes such as sesame noodles and teriyaki noodles.

CJ CheilJedang has been working with German manufacturer MainFrost on the local production of a range of products.

In June, Seoul-based CJ CheilJedang responded to speculation it was targeting Schwan’s by issuing a stock-exchange filing that read: “As part of efforts to strengthen competitiveness in [the] overseas food business, we are considering the acquisition of a US processed food company but nothing has been decided so far.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Last year, CJ CheilJedang acquired Russian frozen food company Ravioli and Sementes Selecta, a Brazilian concentrated soybean protein supplier.