AAK Strengthens Food Ingredients by Acquiring Unipro in Turkey

cooking oil.jpg

29 July 2013 --- AAK, one of the world-leading producers of high value-added vegetable oils and fats, 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. Founded in 1990 and located in Istanbul, Unipro employs approximately 37 people and had revenues of approximately SEK 700 million in 2012.

The acquisition of Unipro includes ten established brands, a core management and sales organization, all related know-how and the Unipro company name for Bakery and Industrial fats. In connection with the acquisition, AAK has entered a 5 years toll manufacturing agreement with Unilever relating to the supply of Unipro products.

“AAK will strengthen its presence in the 16th largest economy in the world which also has a strong real GDP growth. This is AAK’s next step in its strategy of increasing focus on growth markets.”, says Torben Friis Lange, Senior Vice President AAK.

“This acquisition is an integral part of AAK Acceleration, and adds presence in areas which are identified as strategically important. This acquisition will serve as a platform for increased AAK sales of semi-speciality and speciality products in Turkey and the Middle East.”, says Arne Frank, President and CEO, AAK Group.

The acquisition is subject to approval by the competition authorities. The impact on AAK’s 2013 operating profit is expected to be limited.

Related Articles

Business News

KEY INTERVIEW: Mane Looks to Capture the True Emotion of Flavor

19 Dec 2014 --- Leading flavor and fragrance supplier Mane employs 4,000 people in 32 countries and reported sales of €723 million in 2013. Still a family owned company, headquartered in France, Mane has 25 manufacturing sites and 42 R&D Centers in place around the world and is now looking to expand its reach in Asia.

Food Ingredients News

Rising Protein Trend Will Continue to Drive Demand in 2015

19 Dec 2014 --- Volac, one of Europe’s leading manufacturers of nutritional whey proteins, predicts the appetite for protein, in particular dairy proteins, will continue to drive the sports nutrition category into 2015 and beyond. And as already witnessed, this will ultimately lead to a bigger demand for protein-fortified everyday products to meet the growing demand from mainstream consumer markets.

Regulatory News

FIC Regulation: New Look Labeling to Inform Consumers Introduced Across Europe

12 Dec 2014 --- A new mandatory food labelling system will land on supermarket shelves and restaurants across the EU from tomorrow (December 13). The new EU food labeling rules, adopted by the European Parliament and the Council in 2011 [Food Information for Consumers Regulation], are claimed to ensure that consumers receive clearer, more comprehensive and accurate information on food content, and help them make informed choices about what they eat.

Business News

Fast, Effective Horsemeat Detection System Introduced

05 Dec 2014 --- Scientists at the Institute of Food Research on the have teamed up with Oxford Instruments to develop a fast, cheap alternative to DNA testing as a means of distinguishing horse meat from beef.

Nutrition & Health News

Kerry Launches Taste & Nutrition Portfolio

03 Dec 2014 --- Kerry, the market leader in taste and nutrition solutions has announced details of its portfolio that spans all life stages and need states at Health Ingredients Europe (HIE), 2014 in Amsterdam. While Kerry’s nutrition offering encompasses everything from infant nutrition, general wellness to healthcare nutrition, all solutions have the common aim of delivering scientific based nutritional solutions that taste great.

More Articles