03 Mar 2020 --- AAK has acquired 75 percent of NPO Margaron LLC, a producer of margarine, spreads, and bakery and confectionery fats, based in St. Petersburg, Russia. Margaron has been a manufacturer to AAK for more than a decade and had last year revenues of approximately SEK 280 million (US$29.4 million). Through the deal, the Swedish-Danish producer of vegetable oils and fats aims to bolster its position in the Russian market. The acquisition is subject to approval from local authorities, is expected to be finalized during the second quarter of 2020.