Oasis provides an expansive variety of quality products such as edible oils, margarine, spreads, shortenings, vinegars, mayonnaise and sauces.
Founded in 1975 Oasis employs approximately 160 people at Hillside, New Jersey, US and had revenues of approximately SEK 925m in 2011.
Arne Frank, president and CEO AAK group, said: “Oasis is a very well-run and successful company in the Food Service industry and it represents an excellent platform for our North American ambitions.
“The company’s wide variety of established Food Service products and brands significantly broadens our product offerings in the largest food service market in the world.”
The acquisition is expected to have only limited impact on 2012 AAK operating profit.
Source: AarhusKarlshamn
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