AAK JOINS THE MISTA INNOVATION PLATFORM TO FURTHER STRENGTHEN ITS CAPABILITIES FOR PLANT-BASED FOODS

(November 19, 2020) Edison, NJ – To drive further growth and accelerate innovation within the plant-based foods market, AAK AB (publ.) has joined the MISTA innovation platform, based in San Francisco, California, USA. 

Established in 2018, MISTA is an initiative that brings together the expertise of larger food and ingredients companies and selected start-ups to optimize ideas, products, people and investments and to solve current and future challenges within the ever-changing food and beverage industries. The start-ups within the MISTA platform include clean meat, plant-based, biotech, and technology companies.

“Plant-based foods is not just a trend, rather it is rapidly becoming a mainstream lifestyle choice given its growth trajectory”, said Niall Sands, President Plant-based Foods at AAK. “Driven by sustainability, nutrition, well-being, and animal welfare concerns, it has also cast light on challenges in the current food system. With our speciality oils & fats knowledge and application expertise, we very much look forward to collaborate with the other MISTA members to respond to the rapidly changing needs of consumers.”

“Our joining MISTA highlights AAK’s collaborative spirit as the Co-Development Company, together with our fellow members we see a bright future,” said Octavio Díaz de León, President USA and North Latin America. “With our flexible production and dedicated resources, both on the West coast and globally, AAK will develop value adding solutions to provide functionality, increase speed to market, and productivity to further the development of the plant-based food space. 

“We are excited to welcome AAK as a MISTA member and a key contributor to deliver on our purpose to transform the global food system and meet the needs of the future”, said Scott May, Head of MISTA. “With its global presence and focus on sustainability, AAK will have a significant impact on delivering consumer-preferred solutions that require speciality oils & fats for optimal taste, texture and appearance. We look forward to creating an abundant future together, for people and for the planet.” 

Find out more about AAK’s plant-based offerings and many other co-development solutions by visiting https://betterwithaak.com/the-co-development-company/ and www.aak.com. 

We are AAK – The Co-Development Company. 

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AAK is a leading provider of value-adding vegetable oils & fats. Our wide range of raw materials, broad process capabilities, and expertise in oils & fats within food applications enable us to develop innovative and value-adding solutions across many industries – Chocolate & Confectionery, Bakery, Dairy, Special Nutrition, Food Service, Personal Care, and more. AAK’s proven expertise is based on more than 140 years of experience within oils & fats. Our unique Co-Development approach brings our customers’ skills and know-how together with our own capabilities and mindset for lasting results. Listed on the NASDAQ OMX Stockholm and with our headquarters in Malmö, Sweden, AAK has 22 production facilities and customization plants, sales offices in more than 25 countries and more than 3,700 employees.