Swedish vegetable oil producer AAK has acquired US fats and oils maker Golden Foods/Golden Brands.

AAK president and CEO Arne Frank said today (1 July) that the deal was an “integral part” of the Swedish company’s acceleration plan. 

Frank said the acquisition of the Golden Foods/Golden Brands “significantly strengthens our ability to supply existing and new customers with a broader portfolio of speciality oils and fats solutions”.

AAK USA president Jean-Marc Rotsaert added that the new lines “expand and complement the company’s existing product portfolio and speciality strategy”.

The US firm’s Kentucky location would also add a “new geographic dimension” to the company’s existing site in Port Newark, New Jersey, Rotsaert said. The acquisition is effective today.

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