AAK strengthens its position in North America by acquiring the flaked shortenings market leader, Golden Foods/Golden Brands

AAK strengthens its position in North America by acquiring the flaked
shortenings market leader, Golden Foods/Golden Brands

AAK - the world's leading producer of high value-added specialty
vegetable oils and fats - has acquired the Golden Foods/Golden Brands
business of Louisville, Kentucky, the leading North American processor
of speciality fats and oils and manufacturer of shortenings for the
bakery and food service industries.

“This acquisition is an integral part of AAK Acceleration, which calls,
beyond organic growth, for selective acquisitions that synergistically
benefit our customers; it significantly strengthens our ability to
supply existing and new customers with a broader portfolio of speciality
oils and fats solutions. As one of the largest speciality oil markets in
the world, expansion in the US is also particularly exciting” says Arne
Frank, President and CEO AAK Group.

“The product lines expand and complement our existing product portfolio
and speciality strategy. The Louisville, Kentucky location also adds a
new geographic dimension to our existing site in Port Newark, New
Jersey, with significant advantages for all customers but particularly
those located in the Midwest. From now on, AAK's North American
customers will enjoy the highest quality product standards and superior
service from two production sites in the US” says Jean-Marc Rotsaert,
President AAK USA.

Founded in 1982 and located in Louisville, Kentucky, Golden Foods/Golden
Brands employs approximately 160 people and had revenue of approximately
USD 120 million in 2010.

The acquisition, effective today, is expected to have only limited
impact on 2011 AAK operating profit, with material benefits beginning
from quarter 1, 2012.

Press & Analyst Conference
A telephone "Press & Analyst Conference", chaired by Arne Frank, the
Group´s President and CEO, will be held today, Friday 1 July, 2011 at 1
pm, Central European Time.
To access the call, please register in advance via the investor tab on
our website, www.aak.com.

For further information, please contact:
Arne Frank, President and CEO
Phone: + 46 40 627 83 10
Anders Byström, CFO
Phone: + 46 40 627 83 34

Fredrik Nilsson, Head of Investor Relations
Phone: + 46 40 627 83 34
Mobile: + 46 708 95 22 21
E-mail: fredrik.nilsson@aak.com

The information is that which AarhusKarlshamn AB (publ) is obliged to
publish under the provisions of the Stock Exchange and Clearing
Operations Act and/or the Trading in Financial Instruments Act. The
information was released to the media for publication on 1 July 2011 at
08.30 CET.

AarhusKarlshamn (AAK) is the world's leading producer of high
value-added speciality vegetable fats. These fats are characterized by a
high technological content and are used as substitute for butter-fat and
cocoa butter, transfree solutions for fillings in chocolate and
confectionery products, and in the cosmetics industry. AAK has
production facilities in Denmark, Mexico, the Netherlands, Sweden, Great
Britain, Uruguay and the US. The company is organised in three Business
Areas; Chocolate and Confectionery Fats, Food Ingredients and Technical
Products & Feed. Further information on AAK can be found on the
company's website www.aak.com