KARLSHAMN, SWEDEN — AAK completed its acquisition of California Oils Corp., a vegetable oils company in Richmond, Calif., from Mitsubishi Corp., Tokyo, on Aug. 31. California Oils, also known as CalOils, last year had revenues of about SEK 1,350 million ($158 million) and volume of about 110,000 tonnes. The company employs 65 people.
AAK, Malmo, Sweden, now has four production sites in the United States with the other sites being in Edison and Port Newark, N.J.; and Louisville, Ky. The company will consolidate CalOils into business areas Food Ingredients and Chocolate & Confectionery Fats.