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AAK is in the Process of Acquiring Food Service Business in the UK.


STOCKHOLM, Sweden -- AAK AAK Aleanca për Ardhmërinë e Kosovës (Albanian: Alliance for the Future of Kosovo)
AAK Ausschuß Aachener Karneval (Carnival of Aachen Committee, Germany)
AAK Asleep At the Keyboard
AAK Alive and Kickin'
 UK is in the final negotiations of acquiring the GBP GBP

In currencies, this is the abbreviation for the British Pound.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
 14 million wet foods division of Lion Foods Ltd, which will considerably extend AAK UK's business in the sauces, dressing and marinades sector in the UK. Also acquired with the business are the rights to the long established Lion brand for use in this "wet" foods sector and plans will be developed to relaunch Relaunch can refer to several things:
  • , a series of novels set in the Star Trek universe
  • Relaunch (process), is a marketing process in which a brand or product (such as a magazine or a car) is relaunched
 this old famous brand. The business will be acquired from Lion Foods Limited. The negotiation is expected to be finalised shortly.

"The acquisition will further strengthen the market position in the food service segment. These products have been particularly successful in export markets resulting in AAK UK being awarded the coveted cov·et  
v. cov·et·ed, cov·et·ing, cov·ets

v.tr.
1. To feel blameworthy desire for (that which is another's). See Synonyms at envy.

2. To wish for longingly. See Synonyms at desire.
 overall UK Food and Drink Exporter of the Year title in 2005 by Food From Britain," says Ian McIntosh Ian McIntosh is a South African rugby union coach. He served as head coach for the side during the early 90s.

He grew up in the bushveld of Bulawayo.

McIntosh never played for his country as a player, however, his first taste of his trade in the 1970s under the
 President of AAK UK Ltd.

The new business will trade as AAK Foods and will continue to operate from its Runcorn site where it is expecting to employ around 130 staff.

"We will strive for a growing proportion of high value-added speciality products and attractive contribution margins. A vital step in this direction is the acquisition of the wet foods division of Lions Food Ltd," says Jerker Hartwall President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of AAK Group. This acquisition will generate profit from 2007 after integration with the AAK UK organisation.

For more information about AAK please visit or web site www.aak.com

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COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 24, 2006
Words:250
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