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We are pleased to announce that today, July 1, 2011, AarhusKarlshamn (AAK) purchased Golden Foods/Golden Brands, the leading North American processor of specialty fats and oils and manufacturer of shortenings for the bakery and food service industries.
The press release is below for your information. AAK, the Swedish based world leader of specialty vegetable fats and oils, is publicly traded on the NASDAQ OMX exchange in Stockholm. In 2010, AAK had revenue of approximately $2.2 billion and employed over 2,000 people around the world. AAK’s main US office is located in Edison, NJ.
As an existing customer of Golden Foods/Golden Brands, you can expect to continue to enjoy the highest quality products with superior service. Additionally, you can expect further benefits through the expanded resources that will be available to you from a larger company with global presence.
Golden Foods/Golden Brands complements AAK’s strategy of expanding its product portfolio and expanding its footprint in North America. The Midwest location will enhance supply options for all customers.
Tim and Jan Helson will no longer be active in the business as of today but will remain available to AAK on an ad-hoc basis to ensure a smooth and seamless transition.
Your existing account representative will contact you shortly to answer any questions you may have.
President & CEO
Previous Executive Vice President
Golden Foods/Golden Brands