James Douglas Hines, founder of leading U.S. producer of shelf-stable plant-based products and marketer Atlantic Natural Foods (ANF), announced yesterday that he has engaged Deloitte Corporate Finance, LLC to assist with securing an investment partner for the rapidly growing company.
Brands in the ANF portfolio include Loma Linda ® and its award-winning plant-based seafood alterative Tuno™, neat ® and Kaffree Roma.
“Our Loma Linda meal solutions launch in 2018 saw unprecedented growth as our products have rolled out in supermarkets and small grocery chains across the U.S., the United Kingdom, and Australia,” Hines said. “We’re committed to creating, manufacturing, and distributing high-quality, sustainable plant-protein foods that are good for you and good for the planet. We’re seeking an investment partner who shares our vision and mission.”
In just 12 months ANF has secured more than 18,000 stores worldwide and is in process of building for the next push as it trends towards $50 Million in revenue within two years.
“ANF’s incredible growth is driven by consumer demand of sustainable products that taste great,” Hines added. “Although vegans love our products, we’re seeing this demand in the mainstream market, too, as consumers of all stripes are increasingly aware of how their food choices effect their health and environment.”
According to Hines, the explosion of plant-based protein demand is creating a need to drastically enhance the ANF’s supply chain, factories, finance, marketing, execution, and human and financial capital. Currently, ANF has manufacturing locations in Nashville, NC and Bangkok, Thailand. Both are FDA-approved facilities, Kosher-qualified, non-GMO-assured, with SQF and BRC verification – and uphold only the most stringent health and food safety practices.
Rory Dineen, Managing Director of Deloitte Corporate Finance LLC said, “We are pleased to work with ANF on this investment opportunity. The food industry is evolving and ANF’s plant-based food alternative products offer consumers affordable and sustainable protein options.”
These data drive Hines, a 40-year veteran of the global food sourcing and creation market, who wonders what food his 10 grandchildren will eat in the future. “We can see those numbers and panic, or we can work to ensure we create products that meet the demands of today while delivering hope for the future. I’m excited find a partner to join us in changing the world while delivering a high-quality, high-value, and sustainable product.”