Stratas Foods, a supplier of oils, sauces and dressings, has an agreement to acquire AAK Foodservice, primarily a Hillside, N.J., manufacturing facility with similar capabilities. Price was not disclosed.
The AAK plant will complement Stratas’ existing Englewood, N.J., site and expand the latter’s presence in the northeast U.S. The acquirer called the AAK facility “a high-capacity and well-invested plant.” Upon completion of the transaction, employees of AAK Foodservice, Hillside will become part of the Stratas Foods team.
Both companies supply fats, oils, mayonnaise, dressings and sauces to the foodservice, retail private label and food ingredients markets in North America. Stratas Foods was formed in October 2008 as a 50/50 joint venture between Associated British Foods and ADM.
About the Author
Dave Fusaro
Editor in Chief
Dave Fusaro has served as editor in chief of Food Processing magazine since 2003. Dave has 30 years experience in food & beverage industry journalism and has won several national ASBPE writing awards for his Food Processing stories. Dave has been interviewed on CNN, quoted in national newspapers and he authored a 200-page market research report on the milk industry. Formerly an award-winning newspaper reporter who specialized in business writing, he holds a BA in journalism from Marquette University. Prior to joining Food Processing, Dave was Editor-In-Chief of Dairy Foods and was Managing Editor of Prepared Foods.