April 9, 2014 - Assignment

AAK acquires bakery fats specialist in Belgium

AAK has agreed to acquire the oils and fats business of CSM Benelux NV in Merksem. The company is a leading bakery fats supplier to the bakery markets in Belgium, the Netherlands and France. The acquired business employs around 100 people and had revenues of approximately SEK 970 million in 2013. 

AAK is one of the world’s leading producers of high value-added speciality vegetable oils and fats solutions. AAK has production facilities in 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 and included Isabel Lindeberg, Teresa Hellmo Fahlander and Annika Edmén. Meike Johnsen and Jens Agö advised on competition law. Nauta Dutilh, Brussels, acted as local counsel on the matter.