AAK divests its North American Foodservice business

AAK has entered into an agreement to divest its foodservice site in Hillside, NJ, USA, to Stratas Foods. The sale aligns with the company’s portfolio-based strategy to e.g. further optimise its Foodservice operations.

While the standalone Hillside site is being sold, AAK is also planning to invest in enhancing its European Foodservice structure, with a focus on strengthening the company’s already strong presence in the UK and the Nordic regions.

AAK Foodservice is part of the Food Ingredients business area and manufactures over 300 speciality products, including oils, condiments, sauces, dressings, frying oils, and ingredients.

Stratas Foods, a joint venture between Associated British Foods (ABF) and Archer Daniels Midland (ADM), is the leading supplier of fats, oils, mayonnaise, dressings and sauces to the foodservice, food ingredients and retail private label markets in North America.

AAK was advised by Mannheimer Swartling in the transaction.