- CEO
- Erik Johan Westman
- Full Time Employees
- 4,000
- Sector
- Consumer non-durables
- Industry
- Food: specialty/candy
- Address
- Pulpetgatan 20 Malmö SN Sweden 215 37
- IPO Date
- Sep 29, 2005
- Business
- AAK AB (publ.) (AAK.ST) produces and supplies value-adding plant-based oils and fats for the global food, confectionery, personal care, technical products, and feed industries. The company develops specialty ingredients including baking fats, dairy and ice cream fats, chocolate and confectionery fats, plant-based food solutions, infant formula oils, foodservice fats, natural emulsifiers, fatty acids, candle waxes, and animal nutrition products; it operates through three main segments of Food Ingredients, Chocolate & Confectionery Fats, and Technical Products & Feed. AAK maintains 19 production sites, 25 regional sales offices, and 16 customer innovation centers across more than 20 countries, supporting co-development with approximately 4,000 customers worldwide. Founded in 2005 through the merger of Karlshamns AB and Aarhus United (with roots dating to 1871), the company is headquartered in Malmö, Sweden, and employs around 4,000 people. In recent developments, AAK divested its North American Foodservice facility in Hillside, New Jersey, to Stratas Foods LLC in late 2024 to optimize operations and generate approximately SEK 600 million in cash flow, while committing SEK 400 million over 2025-2026 to expand European Foodservice capabilities including a new facility in Dalby, Sweden, and modernization of the Hastings site in the UK; it launched AkoVita OptiSyn for metabolic health, opened innovation centers in Antwerp and Lund, entered a joint venture with Kuala Lumpur Kepong Berhad for specialty palm fractions, and achieved FairWild certification for its Kolo Nafaso shea program in West Africa.