Over the coming years, AAK will invest an estimated total of
"India continues to grow in importance for the global food supply chain, and the food and health industry is uniquely positioned to enjoy both domestic and export growth. This investment confirms AAK's commitment to making a positive impact and contributing to our customers' growth and expansion in
"We have seen strong growth from our operations in
Late in 2020, AAK acquired 100 percent of the shares in Kamani Oil following a successful five-year joint venture with the founding family. Since then, AAK has established a new Indian headquarters and Customer Innovation Center outside
The transaction is expected to close before the end of 2022. The acquisition will be consolidated upon closing and has no material impact on AAK's financials.
For more information, please contact:
Head of IR & Corporate Communications
Mobile: +46 70 681 07 34
E-mail: carl.ahlgren@aak.com
The information was submitted for publication at
About AAK
Everything AAK does is about Making Better Happen(TM). We specialize in plant-based oils that are the value-adding ingredients in the products people love to consume. We make these products better tasting, healthier, and more sustainable. At the heart of AAK's offering is Customer Co-Development, combining our desire to understand what better means for each customer with the unique flexibility of our production assets and deep knowledge across products and industries. 4,000 employees support our close collaboration with customers through 25 regional sales offices, 15 dedicated Customer Innovation Centers and support of more than 20 production facilities. Listed on Nasdaq Stockholm and with our headquarters in Malmö,
https://news.cision.com/aak-ab/r/aak-strengthens-its-position-in-southeast-india-by-acquiring-arani-agro-oil,c3672338
https://mb.cision.com/Main/871/3672338/1695514.pdf
(c) 2022 Cision. All rights reserved., source