Atlantic Natural Foods (ANF) has become the latest in a long line of brands to be acquired by plant-based foods company Above Food. ANF is best known for TUNO, its vegan canned tuna alternative.
Above Food Corp. to Be Listed on NY Exchange Through SPAC, Plans Takeover of Atlantic Natural Foods
Canada’s Above Food, producer of plant-based ingredients and CPGs, is to list on the NY exchange through a SPAC transaction with Bite Acquisition Corp. Additionally, the company is set to purchase Atlantic Natural Foods, whose subsidiaries include plant-based brands Loma Linda, CHICK’N, and Tuno, as part of the IPO. Above Food Corp. and Bite Acquisition Corp. enter a definitive business combination agreement that values the company at a pro forma enterprise value of approximately $319 million. Upon completion of the proposed transaction, Above Food will be a publicly traded company and is expected to be listed on the NYSE under the new ticker symbol “ABVE.” Above Food is a differentiated, vertically integrated plant-based ingredients and foods company committed to regenerative agriculture and sustainable food technologies …
