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AAK Acquires 75% of Russian Partner Margaron
Thursday 05 March 2020

5 March 2020 - Sweden-based vegetable oils and fats producer AAK has acquired 75% of 10-year partner Russian food company NPO Margaron LLC, a producer of margarines, spreads, and fats, to expand portfolio and customer co-development approach in the Russian market, the company said.

NPO Margaron posted 2019 revenues of approximately SEK 280m (USD 29.5m).

Terms of the transaction were not disclosed.

As a result of the transaction, AAK will move closer to many of its global strategic accounts that have established themselves in Russia.

The acquisition will enhance customer proximity, increase business opportunities, and further grow market share in the region.

Subject to certain long-term targets being met, AAK could acquire the remaining 25% of Margaron.
Details
Date Published: 05/03/2020
Target: NPO Margaron/75% stake
Country: Russia
Sector: Food/Beverages/Tobacco
Type: Corporate acquisition
Financing: Cash and Stock
Status: Closed
Vendor:
Buyer: Hitachi Data Systems Corp
Comment:
Terms of the deal were not disclosed

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