
Atlantic Natural Foods LLC, a shelf-stable manufacturer of Loma Linda, neat and Tuno brands, confirmed that it has withdrawn from a pending transaction with Above Foods.
After a three-year journey toward entering a public environment in partnership with Above Foods, both parties have mutually agreed to the withdrawal. This decision reflects a strategic realignment following a comprehensive evaluation of the evolving business landscape.
ANF remains committed to delivering sustainable, high-quality products to its customers, while leveraging its 150-plus years of leadership expertise in consumer food products and operations. Factors such as the global impact of COVID-19, supply chain disruptions and rising food inflation played a key role in its decision.
ANF leadership will resume direct fiduciary oversight, focusing on addressing these evolving challenges and reaffirming its commitment to innovation and quality.
Despite the transition, ANF and Above Foods will maintain collaborative ties, with ANF retaining shares in ABVE and Above Foods retaining interest in ANF. After a three-year partnership to bring ANF into a public environment, ABVE and Above Foods have agreed to ANF's withdrawal from the current go-forward public strategy.