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.
TUNO Manufacturer Atlantic Natural Foods Files for Bankruptcy
Atlantic Natural Foods, a US plant-based company that owns brands such as Loma Linda, TUNO, Chick’n, and Neat, has filed for Chapter 11 bankruptcy protection. In a petition filed in the U.S. Bankruptcy Court for the Eastern District of Louisiana, Atlantic Natural Foods listed $10 million to $50 million in assets. The company also declared $1 million to $10 million in liabilities, with 100 to 199 creditors. Atlantic Natural Foods did not specify why it was filing for bankruptcy, but announced plans to reorganize its business. The news comes a few months after the company terminated a $30 million agreement that would have seen it acquired by vertically integrated plant-based food company Above Food. Both parties mutually agreed to the withdrawal, citing changes in the …