Century Pacific Food Confirms Acquisition Of Atlantic Natural Brands

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Century Pacific Food has confirmed nan acquisition of assets from Atlantic Natural Foods, including nan Loma Linda fresh meals and Tuno alt-tuna brands.  

The Philippines-headquartered nutrient and drinks business said successful a banal speech filing nan transaction was executed done its Century Pacific North America (CPNA) section for “less than” $10m. 

Century Pacific Food said coming (12 August) nan plus acquisition enables it to “further standard its increasing beingness successful shelf-stable, plant-based nutrition”. 

The woody besides includes nan Neat ovum replacement and nan caffeine-free Kaffree Roma drinks brands, on pinch “formulations, prime manufacturing assets, licences, and remaining inventory”.  

Greg Banzon, main operating serviceman of Century Pacific Food, said: “We are bringing together a trusted practice marque and a disruptor marque nether 1 tile – leveraging decades of user spot pinch bold innovation.  

“This allows america to service some loyal customers and caller generations seeking accessible, nutritious, and sustainable nutrient choices.” 

Century Pacific Food had expressed an liking successful Atlantic Natural Foods assets and was named nan stalking equine bidder successful June.  

Atlantic Natural Foods revenge for Chapter 11 bankruptcy successful nan US successful April.  

A Louisiana bankruptcy court approved nan bidding process successful June and Atlantic Natural Foods signed an asset-purchase statement pinch Century Pacific Food. 

The bankruptcy filing revealed that Atlantic Natural Foods had assets ranging from $10m to $50m and liabilities betwixt $1m and $10m.  

Loma Linda, a marque pinch roots making love backmost to 1890, was “transformed” by Atlantic Natural Foods into a “key player” successful wellness foods, Century Pacific Food said.  

Since acquiring Loma Linda successful 2016, Atlantic Natural Foods developed products specified arsenic Big Franks vegan hotdogs, Skallops, and Tuno, its flagship plant-based tuna, which are now disposable successful North America and complete 30 countries.  

Century Pacific Food’s US business offers nan unMeat brand, a shelf-stable plant-based merchandise statement sold successful US retailers specified arsenic Walmart and complete 13,000 stores globally. 

Banzon concluded: “The acquisition reflects CPNA’s measured and profitable maturation strategy: tapping into established markets while accelerating momentum for plant-based nutrient take crossed divers geographies.  

“Ultimately, it reinforces nan group’s broader ngo of building a healthier, much sustainable portfolio that provides affordable nutrition to nan consumers we serve.”