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.
This move signals Kraft Heinz’s commitment to integrating technological innovation into its strategic framework amid a rapidly evolving food and beverage landscape. Soo brings over a decade of experience in technology transformation and public company leadership, having previously held significant roles at Kayak, including chief commercial officer.
The deal enhances Paulig’s flavour expertise with Panesar’s manufacturing and product innovation capabilities, enabling faster product launches. With this move, both companies aim to strengthen their positions in World Foods through complementary market reach and product lines.