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Schwan’s to sell a majority stake

Schwan’s Company, a leading U.S. food business with several offices and facilities in Marshall, announced today that it has reached an agreement to sell a majority stake of the company to CJ CheilJedang (CJCJ), of Seoul, South Korea. Schwan’s will be operated as a subsidiary of CJ Foods America Corp., and its operations will continue to be headquartered at corporate offices in Marshall and Bloomington. Pick up Thursday’s edition of the Marshall Independent for details.

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