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schwans truck making deliveries Tony Alter

South Korean firm purchases majority stake of Schwan’s for $1.84b

Schwan family to retain 20% ownership in businesses and 100% ownership in Schwan’s Home Service Inc.

Schwan’s Co., a leading U.S. food business, announced Nov. 15 that it is entering a new era after reaching an agreement to sell a majority stake of the company to South Korean company CJ CheilJedang (CJCJ) for cash consideration of $1.84 billion.

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