Swedish producer of value-adding vegetables oils and fats, AAK, has announced the acquisition of MaasRefinery, a Dutch company that specialises in the toll refining of vegetable fats and oils for the food industry.
The acquisition is to support existing production facilities and allow for continued growth. Located next to a deep-sea terminal in Rotterdam, MaasRefinery has a capacity of 40,000 MT with added room for expansion. The plant had revenues of €47 million in 2018 and employees 20 people full-time.
AAK
Image: ©AAK
“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”, says Johan Westman, President and CEO.
Established in 2009, the MaasRefinery plant is designed according to the latest technology with processes that minimise oil losses and maximise energy efficiency. The company is also FSSC 22000 certified and fulfils 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”, says Jan Lenferink, President AAK Europe.
The acquisition is still subject to approval from local authorities and is expected to be finalised during the first quarter of 2019.
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