AAK acquires Rapsona

by Eric Schroeder
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SKEPPSGATAN, SWEDEN — AAK announced it has acquired all shares in Rapsona AB. Located north of Stockholm, Sweden, Rapsona supplies restaurants, food service, bakeries, small convenience food producers and other customers with a range of products based on vegetable oil. The company has annual net sales of approximately 70 million Swedish kronors ($10.6 million). "We are delighted with this latest development, which fits in very nicely with our strategy of advancing up the value chain," said Jerker Hartwall, group president and chief executive officer at AAK. "The acquisition will enable us to offer our customers a more complete product portfolio in line with their needs." The newly acquired company will continue to operate under the name Rapsona AB.

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