SUBSCRIBE

Breaking News on Confectionery & Biscuit Processing

News > Ingredients

Read more breaking news

 

 
News in brief

AAK to acquire Belgian bakery fats specialist

09-Apr-2014

The acquisition of a bakery fats and oils specialist will strengthen AAK's supply to western Europe, it says
The acquisition of a bakery fats and oils specialist will strengthen AAK's supply to western Europe, it says

AarhusKarlshamn (AAK) will acquire Belgium bakery fats specialist CSM Benelux to drive strength in its bakery supplies business, its European president says.

The acquisition, expected to be completed in the next three months, will see AAK acquire CSM Benelux’s Merkshem factory, bakery innovation center and experienced teams.

Europe president Jens Wikstedt said the buy would strengthen the company’s ability to supply bakery ingredients in western continental Europe as well as create cross-selling opportunities for bakery and chocolate and confectionery fats to existing customers.

CSM Benelux pulled in revenues of SEK 970m ($149.1m) last year and should start contributing operating profits to the AAK business during the second half of 2015.

In July last year, AAK acquired Turkey-based fats supplier Unipro from Unilever for an undisclosed sum.

Related products

Key Industry Events

 

Access all events listing

Our events, Events from partners...

On demand Supplier Webinars

Your future starts at Cargill's T for Trends
Cargill Cocoa & Chocolate
All supplier webinars