AarhusKarlshamn: AAK Establishes Joint Venture with Enzymotec, an Israeli Development Company with Focus on Advanced Lipids.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' Sweden (STO:AAK) (STO:KAB kab n. Variant of cab2. ) has finalized the negotiation of a Joint Venture (50/50) with Enzymotec, an Israeli development company of Biofunctional and Nutraceutical Ingredients. The establishment of the new company "Advanced Lipids" will considerably extend AAK's business in the infant food business sector globally. - With the Joint Venture we form a Swedish speciality fat company based on Enzymotecs advanced and unique research and AAK's international strength within development, production and marketing of speciality fats. The cooperation with Enzymotec will further strengthening our market position in the infant food business segment, says Hakan Christensson, President of business area Food Ingredients Continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. . - We strive for a growing proportion of speciality products and with attractive margins. A vital step in this direction is the establishment of the new company "Advanced Lipids" 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 corporation will generate profit from 2008. As announced in the year-end report, Capacity extension for speciality fats at the Karlshamn site for Baby food has been decided. AAK is one of world's the leading suppliers in this segment. 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 cocoa butter n. A yellowish-white fatty solid obtained from cacao seeds and used as an ingredient in cosmetics, tanning oils, chocolate, and soap. Also called cacao butter. , transfree solutions for fillings in chocolate and confectionery confectionery, delicacies or sweetmeats that have sugar as a principal ingredient, combined with coloring matter and flavoring and often with fruit or nuts. In the United States it is usually called candy, in Great Britain, sweets or boiled sweets. products, and in the cosmetics industry. AarhusKarlshamn has production facilities in Denmark, Mexico, the Netherlands, Sweden, Great Britain Great Britain, officially United Kingdom of Great Britain and Northern Ireland, constitutional monarchy (2005 est. pop. 60,441,000), 94,226 sq mi (244,044 sq km), on the British Isles, off W Europe. The country is often referred to simply as 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. Further information on Enzymotec can be found on the company's website www.enzymotec.com This information was brought to you by Cision http://newsroom.cision.com |
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