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M&A Deal Summary

AAK Acquires California Oils

On July 15, 2016, AAK acquired food company California Oils from Mitsubishi

Acquisition Highlights
  • This is AAK’s 12th transaction in the Food sector.
  • This is AAK’s 3rd transaction in the United States.
  • This is AAK’s 1st transaction in California.

M&A Deal Summary
Date 2016-07-15
Target California Oils
Sector Food
Buyer(s) AAK
Sellers(s) Mitsubishi
Deal Type Divestiture

Target

California Oils

Richmond, California, United States
California Oils Corp. is a provider of vegetable oils such as palm, palm kernel, coconut, blend and sunflower.

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Buyer(S) 1

Buyer

AAK

Malmö, Sweden
Category Company
Sector Food
Employees4,100
Revenue 46.0B SEK (2023)
DESCRIPTION

AAK is a producer of high value-added speciality vegetable oils and fats solutions. These oils and fats solutions are characterized by a high level of technological content and innovation. AAK is based in Malmö, Sweden.

DEAL STATS #
Overall 13 of 17
Sector (Food) 12 of 16
Type (Divestiture) 6 of 7
State (California) 1 of 1
Country (United States) 3 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-25 Kamani Oil Industries Pvt.

Mumbai, India

Kamani Oil Industries Pvt. Ltd. is a manufacturers of speciality oils & fat products. Kamani Oil Industries offers a wide range of products for specialized applications in the Food, Pharma, Cosmetic and Nutraceutical industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 MaasRefinery B.V.

Botlek Rotterdam, Netherlands

MaasRefinery B.V. is specialized in toll refining of vegetable oils and fats for the food industry. MaasRefinery is based in Botlek Rotterdam, Netherlands.

Buy -

Seller(S) 1

SELLER

Mitsubishi

Tokyo, Japan
Category Company
Founded 1950
Sector Diversified
Employees65,975
Revenue 19.57T JPY (2024)
DESCRIPTION

Mitsubishi is a diversified holding company, Mitsubishi engages in global environmental & infrastructure, bushiness service, industrial finance, logistics & development, energy business, metals, machinery, chemicals and living essentials business. Mitsubishi was founded in 1950 and is based in Tokyo, Japan.

DEAL STATS #
Overall 6 of 6
Sector (Food) 2 of 2
Type (Divestiture) 5 of 5
State (California) 2 of 2
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-29 Tasmanian Dairy Products Pty

Smithton, Australia

Tasmanian Dairy Products Co. Pty Ltd. produces and processes milk and other dairy products. The company was incorporated in 2011 and is based in Smithton, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 OVO Group

Bristol, United Kingdom

OVO Group is a provider of an energy technology company. OVO Group was founded in 2009 and is based in Bristol, United Kingdom.

Buy -
Mergr

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