[CJ Cheiljedang]
SEOUL -- CJ Cheiljedang, a key subsidiary of South Korea's food and entertainment conglomerate CJ Group, acquired two foreign frozen food makers, including Kahiki Foods of the United States and Mainfrost of Germany, as part of efforts to boost competitiveness in its overseas business.
CJ Cheiljedang purchased a 100 percent stake in Kahiki, the Gahanna-based maker of packaged and frozen Asian foods. The company said Tuesday that the acquisition reflects efforts to expand the production of frozen foods in the United States. The quality of Kajiki products will be improved to achieve synergy with Bibigo, a Korean cuisine brand created by Cheiljedang.
Mainfrost has maintained business relations with the South Korean company in the production of Bibigo dumplings since 2010. With the acquisition of the Germany food company, Cheiljedang plans to enhance its brand recognition through restaurant chains in Britain, Germany and other European countries.
The CJ group has promised to nurture Bibigo as a global brand. CJ CheilJedang, the world's largest producer of lysine, an amino acid used as additives for animal feed and food additives, has actively acquired foreign food companies.
reporter
Lim Chang-won
cwlim34@ajunews.com
