A new investment from Korea-based CJ CheilJedang will bolster product development.

Supply chain constraints are making certain products harder to find in stores.

The transaction could result in a write-off of up to $1 billion.

The company is investing $600 million in the cheese and whey protein processing plant.

OFI is a supplier of bakery and ice cream ingredients in the Nordic and Baltic markets.

Blendtek will offer Bunge proteins and provide product formulation expertise and blending capabilities.

PMC Financial Services Group LLC bought the Georgia-based craft ice cream company at auction.

The company initially filed its registration statement with the SEC in November 2021.

The deal is expected to close in the latter half of 2022, following regulatory review and approval.

Jim Hau, the company’s new president, said his first goal is to strengthen Maple Hill’s economic position.