Shocking: Schwan's Company Sold to South Korean Company

Schwan’s Co., the Minnesota food distributor known for the home deliveries made by its distinctive gold trucks, is being sold to South Korea’s largest food company.

CJ CheilJedang, or CJCJ as it is known, will pay $1.8 billion for an 80 percent stake in Schwan’s and gain control of Schwan’s businesses that serve restaurants, groceries and other retailers.

The Schwan family, descendants of founder Marvin Schwan who started the company in Marshall in 1952, will continue to own 20 percent, and run its home delivery service. Full story HERE

 
Ritch Cassidy

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