Nordic Business Report-April 12, 2006-AarhusKarlshamn AB in talks to acquire wet foods division of Lion Foods Ltd
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The Swedish oils and facts producer AarhusKarlshamn AB announced on Wednesday (12 April) that its United Kingdom subsidiary AAK UK is in final negotiations regarding an acquisition of the wet foods division of the United Kingdom based group Lion Foods Ltd.
The proposed transaction includes the rights to the Lion brand.
AarhusKarlshamn plans to run the acquired operations under the new name AAK Foods.
AAK Foods is expected to achieve a turnover of GBP14m and to employ 130 people at its facility in Runcorn.
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