July 29, 2013 - Assignment

AAK acquires Unipro from Unilever

AarhusKarlshamn (AAK) has acquired Unipro from Unilever.

Unipro is a leading supplier of oils and fats to the industrial and bakery markets in Turkey and the surrounding region. The company, located in Istanbul and founded in 1990, had revenues of approximately SEK 700 million in 2012. In connection with the acquisition, AAK has entered a 5-year toll manufacturing agreement with Unilever relating to the supply of Unipro products.

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 in the transaction by Mannheimer Swartling with Hergüner Bilgen Özeke acting as local counsel. The firm’s team was led by Niklas Bogefors and included Fredrik Livendahl, Isabel Lindeberg and Jens Agö.