AarhusKarlshamn (AAK, Karlshamn, Sweden), a global producer of value-added specialty vegetable oils and fats, has acquired Oasis Foods Company (Hillside, N.J.). Founded in 1975, Oasis employs approximately 160 people and had revenues of approximately SEK 925 million in 2011.
The company provides edible oils, margarine, spreads, shortenings, vinegars, mayonnaise and sauces to the food service industry. The acquisition is part of the AAK Acceleration plan: “Oasis is a very well-run and successful company in the Food Service industry, and it represents an excellent platform for our North American ambitions,” said Arne Frank, President and CEO of AAK Group.
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