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Current Position:Home » News » Condiments & Ingredients » Ingredients » Topic

AAK acquires bakery fats supplier CSM Benelux

Zoom in font  Zoom out font Published: 2014-06-27
Core Tip: Swedish-Danish company AarhusKarlshamn (AAK) has completed the acquisition of the oils and fats business of CSM Benelux in Merksem, Belgium.
Swedish-DaniCSM Beneluxsh company AarhusKarlshamn (AAK) has completed the acquisition of the oils and fats business of CSM Benelux in Merksem, Belgium.

The deal will be executed on 1 July 2014, and the acquired business will be consolidated into AAK's Food Ingredients unit.

AAK announced an agreement to acquire CSM Benelux's business on 9 April this year. CSM is a supplier of fats to the bakery markets in Belgium, the Netherlands and France.

It offers a variety of bakery fat solutions, margarines and pumpable shortenings.

The acquired business has a workforce of nearly 100 people and reported revenues of about SEK970m ($144m) in 2013. The integration work will begin immediately.

AAK said that the acquisition will be contributing to its operating profit during the second half of 2015.

 
 
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