KG Hollis F&B merges with KG Fresh to become a comprehensive food company... "Leap forward as a total food corporation"

KG Hallis F&B, the operator of Hallis, will absorb and merge its subsidiary KG Fresh.

KG Hallis F&B, a comprehensive food and dining company, announced on the 11th that it signed a merger agreement with KG Fresh on the 10th to strengthen its competitiveness. KG Group acquired KG Hallis F&B in 2020 and entered the food business by incorporating KG Fresh, a B2B (business-to-business) meat processing specialist, as a subsidiary in 2022.

KG Group expects synergy effects as KG Hallis F&B, which operates consumer-targeted businesses, merges with KG Fresh, which operates corporate-targeted businesses, to become a comprehensive food and dining company. The two companies have collaborated in various ways, such as jointly launching the 'Hallis Grill Chicken Breast' product and selling meat-based sandwich product lines.

Lee Jong-hyun, CEO of KG Hallis F&B, said, "Through this merger, KG Hallis F&B, which excels in marketing and branding strategies close to customers, and KG Fresh, which possesses unique technology and abundant infrastructure, will share their strengths and know-how to create synergy effects in branding, production, distribution, and various other areas. We expect to complete the merger procedures as soon as possible and make efforts to minimize confusion among employees."

This content was produced with the assistance of AI translation services.