July 10, 2014 - Assignment

AAK acquires FANAGRA in Colombia

AAK has acquired Fabrica Nacional de Grasas S.A. (FANAGRA), a Colombian company that specializes in vegetable oils and fats for the bakery segment. The company has 155 employees and had revenues of approximately SEK 270 million last year. 

AAK is one of the world’s leading producers of high value-added speciality vegetable oils and fats solutions. AAK has production facilities in Belgium, Colombia, Denmark, Mexico, the Netherlands, Sweden, Great Britain, Uruguay and the US. AAK’s shares are traded on the NASDAQ OMX, Stockholm, within the Large Cap segment.

AAK was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Niklas Bogefors, primarily assisted by Isabel Lindeberg. Gómez-Pinzón Zuleta Abogados S.A., Columbia, acted as local counsel on the matter.