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CJ Cheiljedang mulls buying U.S. food firm

All Headlines 09:06 June 07, 2018

SEOUL, June 7 (Yonhap) -- CJ Cheiljedang Corp., South Korea's leading maker of processed foods, said Thursday it is considering acquiring a U.S. frozen food company to expand its global presence.

"We are reviewing purchasing a U.S. processed foods maker as part of efforts to boost competitiveness in our overseas foods business, but nothing has been decided in detail yet," the company said in a regulatory filing.

The announcement followed rumors that the South Korean firm is pushing to purchase Schwan's Co., based in Minnesota, the United States.

scaaet@yna.co.kr
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