AAK Buys Unipro From Unilever - Quick Facts

(RTTNews) - AAK, a producer of high value-added vegetable oils and fats, reported acquiring Unipro from Unilever Plc (UN, ULVR.L, UL). Unipro, a supplier of oils and fats to the Industrial and Bakery markets in Turkey and the surrounding region, employs around 37 people and had revenues of some 700 million Swedish Kronor in 2012.

The Unipro acquisition includes ten established brands, a core management and sales organization, all related know-how and the Unipro company name for Bakery and Industrial fats. Pertaining to this, AAK has signed a 5 years toll manufacturing deal with Unilever regarding the supply of Unipro products.

The transaction is subject to approval by the competition authorities, and the impact on AAK's 2013 operating profit is expected to be limited.