Swedish vegetable oil producer AAK has acquired US fats and oils maker Golden Foods/Golden Brands.
AAK president and CEO Arne Frank said today (1 July) that the deal was an “integral part” of the Swedish company’s acceleration plan.
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Frank said the acquisition of the Golden Foods/Golden Brands “significantly strengthens our ability to supply existing and new customers with a broader portfolio of speciality oils and fats solutions”.
AAK USA president Jean-Marc Rotsaert added that the new lines “expand and complement the company’s existing product portfolio and speciality strategy”.
The US firm’s Kentucky location would also add a “new geographic dimension” to the company’s existing site in Port Newark, New Jersey, Rotsaert said. The acquisition is effective today.
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