July 22, 2014 - Assignment

AAK acquires Frita from Unilever

AAK has signed an agreement to acquire Frita, a market leading brand in the frying oil segment in Turkey, from Unilever. The acquisition is an add-on to the Unipro acquisition made during the third quarter of 2013.

AAK is one of the world’s leading producer of high value-added specialty vegetable fats and has production facilities in Denmark, Mexico, the Netherlands, Sweden, Great Britain, Uruguay and the US. The company’s share is listed on NASDAQ OMX Stockholm.

AAK was advised by Mannheimer Swartling in the transaction. The firm’s team was led by Niklas Bogefors, primarily assisted by Isabel Lindeberg. Hergüner Bilgen Özeke acted as local counsel.