CJ Foodville attracts $54 mn investment from Arges PE

The company will enhance the business of Tous les Jours in North America including building a new bakery plant

The image of CJ Foodville's new plant in Georgia, the US (Courtesy of CJ Foodville)
The image of CJ Foodville's new plant in Georgia, the US (Courtesy of CJ Foodville)
Jong-Kwan Park 1
2023-12-14 11:58:36 pjk@hankyung.com
Food & Beverage


CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of bakery brand Tous les Jours announced on Thursday that it attracted an investment of 70 billion won ($54 million) from the private equity firm Arges Private Equity.

In August, Arges PE was chosen as the preferred negotiator for attracting investment in CJ Foodville. The company is valued at 500 billion won ($373 million) in this fundraising round

To facilitate this investment, CJ Foodville carried out a third-party allotment of 1.29 million new shares to Arges PE. Arges PE becomes the second-largest shareholder in CJ Foodville, owning a 12.3% stake in the company.

CJ Foodville plans to allocate the new funds to bolster the North American operations of its bakery chain "Tous les Jours." 

The company posted five consecutive years of profitability in North America until last year, after turning profitable in 2018.

In September, CJ Foodville unveiled its plan to construct a new Tous Les Jours factory in Gainesville, Hall County, Georgia, the US. The facility is expected to have an annual output capacity of over 100 million items, including Tous les Jours' frozen dough and cakes.

Write to Jong-Kwan Park at pjk@hankyung.com
#CJ Foodville #investment #Arges Private Equity #Tous les Jours #bakery #North America

CJ Foodville to invest $37 mn to build bakery plant in US

CJ Foodville to invest $37 mn to build bakery plant in US

Tous les Jours, the bakery brand under South Korea's CJ Foodville, unveiled plans on Tuesday to invest over 50 billion won ($37 million) in its first US production facility.The manufacturing plant will occupy about 90,000 square meters in Hall County, Gainesville, Georgia. CJ Foodville, the fo

CJ Foodville picks Arges PE as preferred negotiator to attract investment

CJ Foodville picks Arges PE as preferred negotiator to attract investment

The 100th store of Tous les Jours in the US near Manhattan, New York Arges Private Equity has been chosen as the preferred negotiator for attracting investment in CJ Foodville, the food service subsidiary of South Korea's CJ Group, according to sources in the investment banking industry on Mond
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