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

Ag Processing and Monsanto Partner on High Oleic Soybean Pilot Introduction

25 Aug 2015 --- Ag Processing Inc (AGP) has announced that it will participate in the 2016 pilot introduction of Monsanto’s Vistive Gold high oleic soybeans. They are the first processor to offer Iowa growers the opportunity to increase soybean profit potential with Vistive Gold high oleic soybeans. The new soybeans were developed with input from leading food companies over the last decade and offer an improved nutritional profile with zero trans fats and reduced saturated fats that the food industry and consumers are currently demanding.

Food Ingredients News

EHL Ingredients Launches Eight New Organic Blends

25 Aug 2015 --- EHL Ingredients, a leading importer, blender and packer of food ingredients from around the world, has launched eight new organic blends in time for Organic September – five seasonings and three stuffing mixes. The new herb and spice blends, inspired by flavours from the Americas, the Caribbean, the Mediterranean and Britain, are the first in a series of in-demand, organic additions to EHL’s popular range of seasonings and marinades. 


Food Ingredients News

KEY INTERVIEW: An Ingredient For Health & Indulgence? The Almond Has it All

24 Aug 2015 --- The Almond Board of California has seen a sharp increase in the use of almonds in food products around the world. Harbinder Mann, Senior Marketing Manager, Trade Stewardship at Almond Board of California, spoke to FoodIngredientsFirst about the boom in the use of almonds in indulgent products.

Food Research

Researchers Look to Exploit Insect Oil and Protein

19 Aug 2015 --- Surprised to see how the Dutch people, whose culture is alien to the consumption of insects, have expressed interest in entomology with a scientific and commercial vision, a Mexican researcher is working on a project that seeks to exploit the oil and protein of arthropods.

Business News

AAK’s Management for Asia Relocates to Singapore

18 Aug 2015 --- The management for AAK’s operations in Asia will as of September 1, 2015, relocate from Scandinavia to Singapore, where the company already has an office for its sourcing and trading activities.

More Articles