Sweden-based AAK is selling its US foodservice facility in Hillside, New Jersey, to Stratas Foods, which supplies fats, oils, mayonnaise, dressings and sauces to the foodservice, food ingredients and retail private label markets in North America. The deal is expected to generate a “one-time positive cash flow impact” of nearly SEK 600 million (US$56.7 million) at closing, with no anticipated material effect on the profit and loss statement, says the firm.
