The Schwan's Company
American frozen food company founded in 1952, known for frozen pizza, ice cream, and home delivery, headquartered in Marshall, Minnesota.
Company Type
private
Founded
1952
Headquarters
Marshall, Minnesota, USA
Stock
N/A: N/A
Revenue
approximately $3.5 billion (FY2024)
Employees
approximately 12,000
Primary Market
United States
About The Schwan's Company
American frozen food company founded in 1952, known for frozen pizza, ice cream, and home delivery, headquartered in Marshall, Minnesota.
History of The Schwan's Company
Schwan's Company was founded in 1952 by Marvin Schwan in Marshall, Minnesota. Schwan started the business as a home delivery ice cream service, delivering ice cream to rural Minnesota families. The company grew through geographic expansion and product diversification. Schwan's expanded its delivery routes and added new products to its portfolio.
In the 1960s and 1970s, Schwan's expanded beyond ice cream into frozen foods. The company added frozen pizza, frozen meals, and other frozen foods to its product portfolio. Schwan's also expanded its home delivery service across the United States. The company became known for its yellow delivery trucks and home delivery service.
In the 1980s and 1990s, Schwan's grew through acquisitions. The company acquired frozen food brands including Tony's Pizza, Red Baron, and Mrs. Smith's. These acquisitions expanded Schwan's presence in retail frozen foods. The company also expanded its food service business to serve restaurants and institutions.
In 2019, CJ CheilJedang, a South Korean food company, acquired Schwan's for approximately $1.8 billion. The acquisition provided Schwan's with access to international markets and capital for growth. Schwan's has continued to operate as a subsidiary of CJ CheilJedang, maintaining its headquarters in Marshall, Minnesota.
Recent strategic direction has focused on product innovation and international expansion. Schwan's has invested in new frozen food products and expanded its presence in international markets through CJ CheilJedang's distribution network. The company has also focused on operational efficiency and sustainability initiatives.
Brands Owned by The Schwan's Company
The Schwan's Company owns 0 brands in our database.
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