KARLSHAMN, SWEDEN — AAK, a provider of value-added vegetable oils and fats, has acquired MaasRefinery B.V. Based in Rotterdam, The Netherlands, MaasRefinery specializes 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 tonnes. Established in 2009, MaasRefinery had revenues of 50 million Swedish kronas ($5.4 million) in 2018. The company is certified according to FSSC 22000 and fulfills the requirements of Skal, kosher, R.S.P.O. (Roundtable on Sustainable Palm Oil) and G.M.P.

“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 chief executive officer of AAK.

Jan Lenferink, president of AAK Europe, added, “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.”