AAK acquires BIC lecithin business

By Katy Askew contact

- Last updated on GMT

Pic: GettyImages-Duncan_Anderson
Pic: GettyImages-Duncan_Anderson

Related tags: M&A

AAK has inked a deal to acquire BIC ingredients, the lecithin arm of PIC International Holdings.

The move ‘significantly’ increases AAK’s footprint in the European lecithin market. The ingredient supplier said the deal supports its vision of becoming one of the world’s ‘leading suppliers’ of speciality lecithin.

“AAK’s acquisition of BIC Ingredients represents the next step in the company’s ambition to become a global leader in speciality lecithin,”​ the company said.

Lecithin is a natural emulsifier produced from plant-based oils such as soy, sunflower and rapeseed oil.

AAK will integrate BIC Ingredients’ products into its current portfolio of speciality lecithins sold under its Akolec brand.

BIC Ingredients supplies non-GM speciality lecithin and lecithin compounds. It is based in the Netherlands and sources raw materials from various regions around the world.

“BIC Ingredients is a natural fit with our business. BIC’s existing lecithin customers will now be able to benefit from AAK’s unique customer co-development approach, which is driven by customer needs, built on collaboration, and geared for better success rates and lasting value,”​ said Alec van Veldhoven, Commercial Director at AAK Natural Emulsifiers: “By expanding our portfolio further, we will be able to create even better solutions in close collaboration with our customers globally.”

Harro de Groot, CEO of BIC International Holding, added: “I am pleased for our customers that BIC’s lecithin business will now be integrated into AAK’s co-development approach, focusing on finding solutions for the customers we serve, alongside our current high standards of quality assurance. My team and myself will remain involved in the business and will continue to support AAK’s Natural Emulsifiersteam over the next three years. This transaction will further enable BIC International Holding to increase its focus on plant-based protein through our entity BIC Protein."

Related topics: Business

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