AAK acquires Golden Foods/Golden Brands
AarhusKarlshamn (AAK) has acquired the Golden Foods/Golden Brands business of Louisville, Kentucky, the leading North American processor of speciality fats and oils and manufacturer of shortenings for the bakery and food service industries.
AAK is the world’s leading producer of high value-added speciality 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. The acquired Golden Foods/Golden Brands business employs approximately 160 people and had revenues of approximately USD 120 million in 2010.
AAK was advised in the transaction by Mannheimer Swartling, with Morgan, Lewis & Bockius LLP acting as local counsel. Mannheimer Swartling’s team was led by Johnny Andersson, primarily assisted by Emma Sandberg Thomsen.