AAK acquires Rapsona AB


AAK acquires Rapsona AB 

Today, AAK has acquired all shares in Rapsona AB. The newly acquired company,
based in Järfälla, north of Stockholm, supplies restaurants, food service,
bakeries, small convenience food producers and other customers with a range of
products based on vegetable oil. 
With estimated net sales in the region of SEK 70 million, the company has a
strong position in its core business in the Swedish food industry. 

“We are delighted with this latest development, which fits in very nicely with
our strategy of advancing up the value chain. The acquisition will enable us to
offer our customers a more complete product portfolio in line with their needs,”
says Jerker Hartwall, AAK Group President and CEO. 

“This is a natural progression for Rapsona,” says the previous owner Georgios
Vasmatzis. “Rapsona is now of a size that calls for a more structured
environment to ensure continuous development.” 

The newly acquired company will continue to operate under the name Rapsona AB.
Georgios Vasmatzis will stay on as a member of Rapsona's board of directors, and
will be working with AAK to develop the company towards new goals.

“Our aim is for products with high added value to account for an increasing
proportion of sales, and the acquisition of Rapsona should be viewed as a step
towards achieving our strategy. The Rapsona AB acquisition makes us stronger in
the area of food solutions. Further, Rapsona will make a positive contribution
to AAK's result in 2008,” says Jerker Hartwall.

For further information, please contact:

Jerker Hartwall, President and CEO, AAK AB
Phone +46 (0)40 627 8330

Bo Svensson, Information Director and CIO
Mobile: + 46 (0)708 182 193

Facts/AAK
AAK is the world's leading manufacturer of high value-added speciality vegetable
fats. These fats are used as substitutes for butterfat and cocoa butter, as
transfree solutions for fillings for chocolate and confectionery products, and
in the cosmetics industry. AAK has production facilities in Denmark, the
Netherlands, Mexico, Great Britain, Sweden, Uruguay and the USA. The company is
organised in three Business Areas; Chocolate and Confectionery Fats, Food
Ingredients and Technical Products & Feed.

Read more at www.aak.com.

Attachments

09042552.pdf