AarhusKarlshamn (AAK), a producer of high value-added vegetable oils and fats, has acquired Unipro from Unilever.
Unipro is a leading supplier of oils and fats to the industrial and bakery markets in Turkey and the surrounding region.
The acquisition of Unipro includes ten established brands, a core management and sales organisation, all related know-how and the Unipro company name for bakery and industrial fats.
“AAK will strengthen its presence in the 16th largest economy in the world which also has a strong real GDP growth. This is AAK’s next step in its strategy of increasing focus on growth markets,” said Torben Friis Lange, senior vice president of AAK.
“This acquisition is an integral part of AAK acceleration, and adds presence in areas which are identified as strategically important. This acquisition will serve as a platform for increased AAK sales of semi-speciality and speciality products in Turkey and the Middle East,” said Arne Frank, president and CEO of AAK Group.
- PepsiCo consolidates Russian juice production amid economic pressures
- Interview: Viva brand refresh
- Smith Flow Control develops new interlock for diaphragm valves