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Insight AAK No 3 2016 E-book

AAK USA goes west In July AAK announced the acquisition 10 of California Oils Corporation from Mitsubishi Corporation of Japan. The acquired company, also known as CalOils, represents AAK’s fourth production site in the United States. This new West Coast presence strengthens AAK’s position in a very important market, and brings the company’s customer co-development approach to a national level in the United States. With geographic expansion being a key component in AAK’s global AAKtion strategy, the last few years have seen several interesting and strategic greenfield projects, joint ventures and acquisitions in growth markets such as Brazil, China and India. At the same time, an expanded footprint in more mature markets such as North America, has also been an important priority.   “A strong presence on the U.S. West Coast has been an AAK priority for several years”, says Terrence W. Thomas, President AAK USA. “The West Coast encompasses approximately Terrence W. Thomas President AAK USA 20 percent of USA’s population and this expansion was identified as an important component of AAK’s growth strategy.”   With the acquisition of CalOils AAK now has four production sites in the United States. AAK’s facility in Port Newark, New Jersey was the company’s first production facility in the country. In 2011, AAK acquired Golden Foods Golden Brands in Louisville, Kentucky, and one year later Oasis Foods in Hillside, New Jersey was acquired. Strategic location CalOils was established in the mid-1900s and the company has for many years been a vital and reliable source for high-quality vegetable oils to the region’s food industry. The company operates out of Richmond, California, and its factory, with volumes of 110,000 MT last year, is strategically located in the San Francisco Bay area. CalOils has important market positions up and down the West Coast and the acquisition will transform AAK into the leading supplier of speciality and semi-speciality oils to the bakery, dairy, and chocolate and confectionery industries in California and across the West Coast of USA and Canada.   “As with the acquisition in Kentucky in 2011, the acquisition of CalOils will enable


Insight AAK No 3 2016 E-book
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