British foodservice company BD Foods, a producer of tailor-made meal accompaniments, has been acquired by AAK.
Financial details of the transaction have not been disclosed.
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BD Foods specialises in the creation of restaurant quality meal accompaniments such as salsa, dressing, dips and sauces. The company posted revenue of approximately Skr120m ($12.99m) last year.
AAK president and CEO of Johan Westman said: “This acquisition is a very good fit with our global foodservice expansion, and will provide a complementary range of products at the premium end of the foodservice market.
“BD Foods has a broad product and packaging offering a customer-centric approach and a strong reputation in UK foodservice.”
The company was founded in 2001 and boasts a portfolio of more than 3,000 products.
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By GlobalDataCustomers and clients of BD Foods include hotels, restaurants, airlines, food manufacturers and wholesalers.
AAK Foodservice president René Schou said: “By acquiring BD Foods, we will extend our foodservice range with, for example, dip pots, pouches and hot filled products.
“We will, furthermore, increase our capabilities and broaden our product portfolio, which will give us greater access to some key operators in the foodservice market.”
Headquartered in Malmö, Sweden, AAK develops and sells vegetable oils and fats, as well as food ingredients to various industries. It has 20 different production facilities and has sales offices in more than 25 countries.
Last month, it reported a consistent positive trend in operating profit during the fourth quarter. Operating profit increased by 10% to Skr516m ($55.86m).
