AAK Acquires California Oils
California Oils Corporation, also known as CalOils, had last year revenues of approximately SEK 1,350 million
The acquired business had last year revenues of approximately SEK 1,350 million and a volume of approximately 110,000 MT, with 65 employees. Integration will begin immediately.
Acquisition related costs will be charged to the third quarter of 2016. The acquisition cost is estimated to be approximately SEK 15 million. As earlier communicated, the acquisition is expected to start contributing to AAK’s operating profit from the third quarter 2017.