To increase capacity, support existing production facilities and enable continued growth, AAK has acquired Dutch company MaasRefinery who specialise in toll refining of vegetable oils and fats for the food industry.

MaasRefinery is located next to a deep-sea terminal in Rotterdam and has a capacity of approximately 40,000 MT with room for expansion. The plant had revenues of SEK 50 million in 2018 and has 20 full-time employees.

“We have seen strong growth within our European business over the past years and this investment will give us additional capacity and secure support for continued growth,” said Johan Westman, President and CEO.

MaasRefinery was established in 2009, is certified according to FSSC 22000 and fulfils the requirements of Skal, Kosher, RSPO and GMP+.

“MaasRefinery is a very well-managed company that focuses on conventional as well as organic oils and fats, the latter being a key focus area for AAK”, said Jan Lenferink, President AAK Europe.

The acquisition, which is subject to approval from local authorities, is expected to be finalized during the first quarter 2019 and has no significant impact on AAK’s earnings. Acquisition-related costs will be charged to the first quarter 2019.