Arne Frank, president and CEO of the AAK Group, said: “This acquisition is an integral part of the AAK Acceleration programme, which calls for organic growth as well as selective acquisitions.
“The acquisition of Crown-Foods will strengthen our ability to supply a broader portfolio of Food Service products, which is a major benefit to both existing and new customers.”
Founded in 1988 and located in Mørkøv, Denmark, Crown-Foods employs approximately 20 people and had a turnover of approximately SEK 60m in 2011.
The acquisition is expected to have only limited impact on 2012 AAK operating profit, according to the company.
Source: AAK
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