AAK has agreed a deal to acquire BIC Ingredients, the lecithin arm of BIC International Holding, increasing its footprint in the European market.
BIC Ingredients supplies non-GM speciality lecithin and lecithin compounds. Lecithin is a natural emulsifier produced from plant-based oils such as soy, sunflower and rapeseed.
AAK will integrate the company’s products into its current portfolio of speciality lecithins sold under the Akolec brand.
Alec van Veldhoven, Commercial Director at AAK Natural Emulsifiers, said: “BIC Ingredients is a natural fit with our business. BIC’s existing lecithin customers will now be able to benefit from AAK’s unique customer co-development approach, which is driven by customer needs, built on collaboration, and geared for better success rates and lasting value. By expanding our portfolio further, we will be able to create even better solutions in close collaboration with our customers globally.”
Harro de Groot, CEO of BIC International Holding, said: “I am pleased for our customers that BIC’s lecithin business will now be integrated into AAK’s co-development approach, focusing on finding solutions for the customers we serve, alongside our current high standards of quality assurance. My team and myself will remain involved in the business and will continue to support AAK’s Natural Emulsifiersteam over the next three years. This transaction will further enable BIC International Holding to increase its focus on plant-based protein through our entity BIC Protein."