"This acquisition is an integral part of the AAK Acceleration program, which calls for organic growth as well as selective acquisitions. The acquisition of Crown-Foods will strengthen our ability to supply a broader portfolio of Food Service products, which is a major benefit to both existing and new customers," says Arne Frank, president and CEO of the AAK Group.
"Crown-Foods is a natural addition to AAK Food Service. With the company's focus on quality and with a product portfolio that is gaining market shares in Scandinavia, it fits very well with our strategy to increase semi-speciality and speciality volumes. Further, Crown-Foods is an innovative company with a strong market position. By acquiring the company, we intend to grow the business and develop the product portfolio by providing access to the resources of AAK as one of the world-leading producers of high value-added specialty vegetable oils and fats," says Soren Ask Nielsen, AAK’s managing director Food Service Continental Europe.
From the May 31, 2012, Prepared Foods’ Daily News