South Korean food manufacturer CJ Cheiljedang Corp has announced plans to acquire an American and a German frozen food company in a bid to bolster its presence overseas. The Korean food maker’s deals are with US-based Kahiki Foods and Germany’s Mainfrost, however financial details have not been disclosed.
Expanding its position in US and European markets, CJ Cheiljedang Corp’s strategy is to strengthen competitiveness in the global food business. The two acquisitions for the South Korean food giant show how the company is striving to become a global food name and get stronger footholds in America and Europe.
This comes shortly after reports that the CJ Group is on track to winning a deal to take over US food processor Schwan`s Company for about US$2.5 billion, which would be the largest-ever acquisition for the group.
Home meal replacement (HMR) company Kahiki Foods supplies products such as egg rolls and noodles to stores like Walmart and Sam’s Club across the US. The company reported 62.6 billion won ($56.5 million) in sales last year.
CJ Cheiljedang now owns four food product manufacturing lines in the US following the deal with Kahiki Foods, expanding the company’s capabilities to ship to North and South American markets.
Mainfrost supplies European retailers with frozen dumplings and has been manufacturing some of CJ’s Bibigo brand products.
Source: Food Ingredients First
Diageo has today (10 November 2025) announced the appointment of Dave Lewis to the role of CEO and executive director, effective 1 January 2026. Lewis steps into the role following the departure of former CEO Debra Crew, who stepped down in July. Nik Jhangiani, the company’s chief financial officer, has been serving as interim CEO since.
Before joining TBG, Chibe served as CEO of Pabst Brewing Company. His previous roles include president and CEO of Ferrero North America, US chief marketing officer at Anheuser-Busch InBev and senior leadership positions at Wrigley.
Located in Southern Minas Gerais, the brewery aims to enhance the company’s supply chain by bringing production closer to key consumer hubs in Brazil’s Southeast region. With an initial capacity of up to five hectolitres per year, the plant will produce Heineken and Amstel products – both 100% pure malt brands.
