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2014-07-10

AarhusKarlshamn: AAK strengthens its geographical footprint by acquiring FANAGRA in Colombia

AAK has acquired Fabrica Nacional de Grasas S.A. (FANAGRA), a
Colombian company that specializes in vegetable oils and fats for the
bakery segment. The company has 155 employees and had revenues of
approximately SEK 270 million last year, with an annual volume of
30,000 tonnes.

"This acquisition will reinforce AAK's speciality oils and fats
strategy and offers a strong foothold in Colombia, the third largest
GDP in Latin America," says Octavio Díaz de León, President Northern
Latin America. "FANAGRA shows a significant potential to grow and
emerge as an important player in the Colombian industrial market in
which AAK will launch its innovative co-developed products that
address global and local trends."

FANAGRA, with its plant located in Villavicencio and headquartered in
Bogotá, is characterized by its high local market penetration through
direct customer relationships and strong independent distributors.
This platform will create cross-selling opportunities to existing and
future customers.

"The acquisition is an integral part of our company program AAKtion.
It strengthens our presence in another fast-growing economy in the
strategically important bakery market," says Arne Frank, President
and CEO, AAK Group. "It will also serve as a platform for increased
sales of speciality and semi-speciality products within Dairy and
Chocolate & Confectionery Fats in Colombia and Northern Latin
America."

The acquisition's impact on AAK's 2014 operating profit is expected to
be limited, but will fully contribute starting in January 2015. The
acquisition will have a slightly dilutive impact on EBIT per kilo for
Food Ingredients.

Further information about the acquisition will be communicated in
connection with the release of AAK's Interim report for the second
quarter 2014, on July 17, 2014.

For further information, please contact:

Fredrik Nilsson Anders Byström
CFO Director External Accounting & Investor Relations
Phone: + 46 40 627 83 34 Phone: +46 40 627 83 32
Mobile: + 46 708 95 22 21 Mobile: +46 709 88 56 13

The information is that which AAK AB (publ) is obliged to publish
under the provisions of the Stock Exchange and Clearing Operations
Act and/or the Trading in Financial Instruments Act. The information
was released to the media for publication on July 10, 2014 at 9 am
CET

AAK is one of the world's leading producers of high value-added
speciality vegetable oils and fats solutions. These oils and fats
solutions are characterized by a high level of technological content
and innovation. AAK`s solutions are used as substitute for butter-fat
and cocoa butter, trans-free and low saturated solutions but also
addressing other needs of our customers. AAK has production
facilities in Belgium, Colombia, Denmark, Mexico, the Netherlands,
Sweden, Great Britain, Uruguay and the US. Further AAK has also toll
manufacturing operations in Russia and Malaysia. The company is
organized in three Business Areas; Food Ingredients, Chocolate and
Confectionery Fats and Technical Products & Feed. AAK's shares are
traded on the NASDAQ OMX, Stockholm, within the Large Cap segment.
Further information on AAK can be found on the company's website
www.aak.com.

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http://news.cision.com/aarhuskarlshamn/r/aak-strengthens-its-geographica...
http://mb.cision.com/Main/871/9614942/265649.pdf

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