Over the next few years, AAK will invest an estimated total of
“India continues to grow in importance to the global food supply chain, and the food and health industry is uniquely positioned to benefit from both domestic growth and exports. This investment confirms AAK’s commitment to having a positive impact and contributing to the growth and expansion of our customers. in
“We have seen strong growth in our business in
At the end of 2020, AAK acquired 100% of the shares of 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 will not have a material impact on AAK’s finances.
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About the AAK
Everything AAK does is about making things better(TM). We specialize in vegetable oils which are the value-added ingredients in the products people love to consume. We make these products tastier, healthier and more sustainable. At the heart of AAK’s offering is customer co-development, combining our desire to understand what means best to each customer with the unique flexibility of our production assets and deep product and industry knowledge. 4,000 employees support our close collaboration with customers through 25 regional sales offices, 15 dedicated customer innovation centers and the support of more than 20 production sites. Listed on Nasdaq Stockholm and with our head office in Malmö,
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