AAK, a producer of vegetable oils and fats, agreed to acquire Arani Agro Oil Industries, an oil refinery in Kakinada, India, from Goodhope. Financial terms were not disclosed. "India continues to grow in importance for the global food supply chain, and the food and health industry is uniquely positioned to enjoy both domestic and export growth. This investment confirms AAK's commitment to making a positive impact and contributing to our customers' growth and expansion in India and beyond," Sten Estrup, AAK Asia President.