AAK acquires Soya International
AAK is set to become a leading supplier of specialty lecithin after acquiring a majority stake in UK-based Soya International. The business will trade under a new name—AAK Soya International.
AAK is set to become a leading supplier of specialty lecithin after acquiring a majority stake in UK-based Soya International. The business will trade under a new name—AAK Soya International.
AAK Soya International supplies a range of products, including non-GMO liquid lecithins, non-GMO powdered lecithins, organic lecithins, and specialty lecithin solutions developed for chocolate, confectionery, bakery, dairy, and infant nutrition applications. Following the acquisition, there will be no change to current lecithin supply arrangements for existing customers. However, the new set-up provides business opportunities for new and existing customers. AAK Soya International’s products are already available in more than 40 countries and the company’s reach will now extend further thanks to AAK’s global sales network. The company will continue to operate out of Manchester, United Kingdom.
“This acquisition is highly positive both for us and our existing customers,” said Sonny Arora, cofounder of Soya International, who will remain as managing director of AAK Soya International. “AAK shares our vision of achieving growth by focusing on key industry trends and we’re excited to continue on this journey, driven by a new, dedicated leadership team.”
