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Daesang Corp Buys Out Lucky Foods in US Expansion Bid, Aims to Boost Kimchi Production

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Daesang acquires US food company Lucky Foods to expand kimchi business

South Korea's leading kimchi maker Daesang Corp. said Monday it has acquired US food company Lucky Foods as part of its efforts to expand its kimchi business in the United States. Daesang said it acquired all of the shares and facilities of Lucky Foods after securing a 38 billion won ($29.7 million) fund through a paid-in capital increase. Founded in 2000, Lucky Foods is an Asian food company based in Oregon who.

Daesang Acquires U S Food Company Lucky Foods to Expand Kimchi Business

Daesang Acquires U S Food Company Lucky Foods to Expand Kimchi Business
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