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AAK acquires Arani Agro Oil
Karlshamn, Blekinge, Sweden - July 26, 2019: Factory building of

AAK AB acquired Arani Agro Oil Industries Ltd, a company headquartered in the Kakinada Port on the southeast coast of India. The transaction is expected to close before the end of 2022.
Over the coming years, AAK said it will invest an estimated total of SEK 200-300 million (EUR 18.3 m – 27.5 m), including the value of the acquisition, to increase the capacity and improve the efficiency of the production facility. With this move, AAK aims to expand its community impact and support program in India. 
“India continues to grow in importance for the global food supply chain, and the food and health industry is uniquely positioned to enjoy both domestic and export growth. This investment confirms AAK’s commitment to making a positive impact and contributing to our customers’ growth and expansion in India and beyond,” said Sten Estrup, President of AAK Asia.
AAK saw strong operation growth in India, Dheeraj Talreja, President AAK India, pointed out. “The acquisition gives AAK a platform for serving a high concentration of strategic customers within Chocolate & Confectionery Fats, Nutrition, Bakery, and Dairy in the region,” he added.

Late in 2020, AAK also acquired Kamani Oil following a five-year joint venture with the founding family. Since then, AAK has established a new Indian headquarters and Customer Innovation Center outside Mumbai.

Photo: AdobeStock #392095990