The company is a leading bakery fats supplier to the bakery markets in Belgium, the Netherlands and France. The acquired business employs around 100 people and had revenues of approximately SEK 970m in 2013.
The acquisition includes a factory in Merksem, an experienced sales force, application specialists offering customised solutions and a bakery innovation centre.
“The acquisition will strengthen our ability to supply Bakery solutions in western continental Europe and create mutual cross-selling opportunities for Bakery and CCF products to existing customer bases,” said Jens Wikstedt, president Europe, AAK.
Merksem will start contributing to AAK’s operating profit during second half of 2015.
The acquisition is subject to approval by the competition authorities and following works council procedures. It is expected to be completed within approximately three months.
Source: AAK
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