Above Food, a vertically-integrated plant-based foods company, has entered into an agreement to acquire Atlantic Natural Foods and its portfolio of shelf-stable, plant-based food brands Loma Linda, TUNO, and Neat for an estimated $30m.
As more meat plants temporarily close or operate at reduced capacity as coronavirus spreads, plant-based brands “have a window of opportunity to present themselves as more reliable alternatives,” says Lux Research. But no production facilities are immune...
While the shelf-stable market for plant-based meats and eggs is small compared with the frozen and chilled segments, it represents an area of significant untapped opportunity, says Atlantic Natural Foods (ANF), which is gaining traction in this market...