Schwan's Company
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Schwan's Company
Schwan's Company, formerly known as The Schwan Food Company, is a food company with approximately 7,500 employees. Having originated in the United States as a family-owned business, since 2019 the company has been a subsidiary of CJ CheilJedang of South Korea — with five major business units including ''Schwan's Consumer Brands'', ''Schwan's Food Service'', ''Strategic Partner Solutions'' and ''SFC Global Supply Chain.'' Schwan's Company no longer owns the home-delivery business that was known as Schwan's Home Service. The Schwan's family maintains 100 percent ownership of Minnesota-based ''Schwan’s Home Service'', a privately held, independent entity tracing to the company’s home-delivery business launched by Marvin Schwan in 1952. ''Schwan's Home Service'' sells frozen foods from home delivery trucks, in grocery store freezers, by mail, and to the food service industry. As of 2022, ''Schwan's Home Service'' will be rebranded as ''Yelloh.'' ''Schwan's Company'' is wid ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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