AAK acquire Ciba's de-inking chemical business

It was announced this morning that AarhusKarlshamn (AAK) will acquire Ciba Specialty Chemicals, Finland's de-inking chemicals unit. Ciba's Business Unit De-inking Chemicals has a turnover of SEK 25 millio and will become part of AAK's Business Sector Tefac (fatty acids).

Completion of the transaction is intended by the 31st October 2007.

Details given on AAK are as follows:

'AarhusKarlshamn is the world’s leading producer of high value-added speciality vegetable fats. These fats are characterized by a high technological content and are used as substitute for butter-fat and cocoa butter, transfree solutions for fillings in chocolate and confectionery products, and in the cosmetics industry. AarhusKarlshamn has production facilities in Denmark, Mexico, the Netherlands, Sweden, Great Britain, Uruguay and the US. The company is organised in three Business Areas; Chocolate and Confectionery Fats, Food Ingredients and Technical Products & Feed. Further information on AarhusKarlshamn can be found on the company’s website www.aak.com.'