Nuffoods Spectrum India

AAK buys MaasRefinery

20 February 2019 | News

MaasRefinery B.V., is specialized in toll refining of vegetable oils and fats for the food industry

AAK is a leading provider of value-adding vegetable oils & fats. To increase capacity, support existing production facilities and enable continued growth, AAK has acquired Dutch company MaasRefinery B.V., specialized 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.

MaasRefinery was established in 2009 and is designed according to the latest technology with processes that maximize energy efficiency and minimize oil losses. Furthermore, the company is certified according to FSSC 22000 and fulfils the requirements of Skal, Kosher, RSPO and GMP+ as well.

"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", says 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.

Comments

× Your session has been expired. Please click here to Sign-in or Sign-up
   New User? Create Account

© Copyright 2019. Nuffoods Spectrum. All Rights Reserved.
Web Interface Conceived and Powered By : SCI Knowledge Interlinks