AAK completes acquisition of CSM Benelux
AAK has announced that the agreement to acquire the oils and fats business of CSM Benelux NV will be executed on July 1st 2014.
The deal will see AAK acquire the leading bakery fats supplier to the bakery markets in Belgium, the Netherlands and France. The transaction is scheduled to be executed on July 1, 2014 and will see the firm consolidated into AAK’s Food Ingredients business.
Acquisition related costs will be charged to AAK’s second quarter of 2014, said the firm – who noted that integration work will start immediately.
The acquired CSM Benelux NV business employs around 100 people and had revenues of approximately SEK 970 million in 2013, said AAK.
!["This [acquisition] will significantly enhance the capabilities in the Indian market and we very much look forward to this partnership,” said Kamani CEO Prakash Chawla.](/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_medium/1/3/2/4/814231-1-eng-GB/AAK-acquires-major-stake-in-Indian-company.jpg)
