Last kr430.80 SEK
Change Today -2.80 / -0.65%
Volume 27.1K
As of 11:29 AM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

aak ab (AAK) Snapshot

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06/23/14 - kr450.00
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07/16/13 - kr338.00
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aak ab (AAK) Details

AAK AB refines and sells vegetable oils for specialized products worldwide. It provides cocoa butter alternatives, filling fats, chocolates, compound and compound coatings, confectionery fillings, chocolate spreads, and barrier fats under ILLEXAO, AKOPOL, CEBES, SILKO, CHOCOFILL, DELIAIR NH, AKOSPREAD, and BARRIER FAT names to the chocolate and confectionery industry. The company also offers food ingredients for baking of good bread, biscuits and cookies, cakes, and laminated pastries; dairy fat alternatives for dairy applications, such as cheese, butterblends, whipped cream, or soured products; ice cream fats to complement or replace milk fat; oils for infant formulas under the InFat brand; oils/fats ingredients; and functional vegetable oils and fats for food preparation in hotels, restaurants, and fast-food chains. In addition, it provides fatty acids for use in paper chemicals, soaps, detergents, rubber, and plastic; glycerine for various applications, such as cosmetics, explosives, tobacco, and paints, as well as for the technical industry; and deinking chemicals. Further, the company offers lubricants under the Binol and BioSafe brands for the metalworking, forestry, and construction industries; vegetable proteins and fats for the animal feed industry; and natural vegetable wax solutions to candle manufacturers, wax blenders, and candle supply companies. Additionally, it provides personal care products, such as emollients that offer formulator a range of alternatives for making cosmetics; bioactives used in vegetable oils; surfactants, which enhance rinse-off formulations; structuring agents that are used to formulate stable pencils, lip balms, and sticks, as well as for stabilizing emulsions for cosmetics and personal care; and emulsifiers used in natural cosmetics. The company was formerly known as AarhusKarlshamn AB (publ) and changed its name to AAK AB in June 2014. AAK AB is headquartered in Malmö, Sweden.

2,206 Employees
Last Reported Date: 04/23/14

aak ab (AAK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: kr8.4M
Compensation as of Fiscal Year 2012.

aak ab (AAK) Key Developments

AAK Signs New Committed Credit Facilities

AAK has signed new committed credit facilities. The facilities will replace existing committed facilities, which mature early 2016, and will be used to finance current operations and potential acquisitions. The new credit facilities are partly a five year club deal of EUR 400 million (approximately SEK 3,600 million), partly two committed three year bilateral facilities, totaling SEK 1,500 million. All facilities include an extension option of one plus one year. The new committed credit facilities have been obtained at more favourable conditions than the previous facilities. Altogether the company has committed credit facilities of approximately SEK 5,600 million. The transaction will imply some one-off costs in the second quarter, which will be reported under financial items.

AAK Mulls Acquisitions; Signs New Credit Facilities

AAK AB (OM:AAK) signed new committed credit facilities of €400 million. The facilities will replace our existing committed facilities and will be used to finance current operations and potential acquisitions.

AarhusKarlshamn AB will Change its Name to AAK AB

Effective June 25, 2014, AarhusKarlshamn AB will change its name to AAK AB.


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