A plant-based food retailer has filed for bankruptcy protection.
The company — which sells its products through Amazon and Walmart, among other places – filed earlier this month, although the reason for the bankruptcy was not specified.
TheStreet reports how Atlantic Natural Foods LLC (ANF) moved forward with this bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Louisiana on April 7.
According to the Atlantic Natural Foods website, the company was first founded by Dr. J.H. Kellogg — he of cereal fame — in 1890.
“Among our plant-based products, you will find a generous selection of sustainable, non-GMO meat alternatives, gluten-free meal alternatives, as well as ready-to-eat-meals,” the website reads. “Our seafood alternative TUNO was the first plant-based fish alternative.
“We are also proud to serve a roasted grain beverage that’s a delicious alternative to coffee, offering the benefits of being acid-free and caffeine free.”
The company’s website has not made mention of the bankruptcy petition filing as of the publishing of this report.
However, a December 2024 press release alluded to a “strategic realignment” in the business that was brought about by “the global impact of COVID-19, supply chain disruptions and rising food inflation.”
“Operating in the industry’s ever-changing landscape has not been without its challenges, but we remain steadfast in our commitment to resettling the standards for the years ahead,” said ANF Chairman Doug Hines via the release.
“We are drawing on tried-and-true food preparation and supply methods that have withstood the test of time to meet the needs of our global consumers.”
He added: “This strategy allows us to reinstate our commitment to returning the company to its core principles, products and consumer while carrying out our mission of creating healthy food for the world in 2025 and beyond.”
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