MARSHALL, Minn.--(BUSINESS WIRE)--Schwan’s Home Service, a leading food-delivery company in the United States, announced today that the business is officially operating independently from its parent organization, Schwan’s Company. The organizational transition comes as part of CJ CheilJedang’s acquisition of Schwan’s Company, which closed today.
“This is an extremely exciting time for our team. As an independent, family-owned business, we have a tremendous opportunity to ignite the entrepreneurial spirit that made our business an American icon and drive new innovation that will bolster our ability to meet the needs of today’s consumers,” said Joe Kirby, president of Schwan’s Home Service. “Moving forward, our goals are to continue providing high quality food and service to our customers across the United States and drive sustainable and long-term growth that will benefit everyone involved with our company.”
The transaction between CJCJ and Schwan’s Company, previously announced late last year, includes CJCJ acquiring a majority stake in Schwan’s Company and specific Schwan’s subsidiaries that focus on foods sold in retail and grocery channels as well as food-service venues. The sale also includes the company’s manufacturing and logistics operations and various professional and administrative services.
The Schwan family has retained a minority stake ownership in the businesses being sold to CJCJ. Additionally, the family will maintain 100 percent ownership in Schwan’s Home Service, which represents the company’s legacy home-delivery business launched by the late Marvin Schwan in 1952. Schwan’s Home Service will continue to operate as a privately held, independent company under the Schwan family’s ownership.
“Our family is extraordinarily proud of our 67-year-old legacy home-delivery business and remains committed to ensuring its long-term growth and prosperity,” said Paul Schwan, member of the Schwan family. “We look forward to working with all of the Schwan’s Home Service employees as we make investments across our business to compete and win in a home delivery marketplace that we helped create.”
About Schwan’s Home Service
Schwan’s Home Service, a part of Cygnus Home Service, LLC., markets and distributes more than 300 high-quality frozen foods through home-delivery and mail-order services. Popular product lines include the company’s Signature™ ice cream, pizza, premium meats and seafood, ethnic specialties, breakfast items and desserts. Based in Minnesota, Schwan’s has 400 local sales and distribution centers across the continental United States. To learn more, visit Schwans.com, download the Schwan’s mobile app, or call 1-888-SCHWANS (1-888-724-9267). Join the conversation on Twitter, Facebook and Instagram.