Century Pacific North America Inc. (CPNA), the U.S. unit of listed Century Pacific Food Inc. (CNPF), has acquired the Loma Linda brand from Atlantic Natural Foods Inc. (ANF) to scale up its plant-based food business in North America and beyond.
CNPF said in a stock exchange report on Tuesday that the under-$10 million deal includes Loma Linda, other brands such as Tuno, Neat and Kaffree Roma, as well as formulations, select manufacturing assets, licenses, and remaining inventory.
According to CNPF chief operating officer Greg Banzon, the deal is “a strategic and synergistic move” that could boost earnings and fit seamlessly into CPNA’s plant-based operations.
“The acquisition reflects CPNA’s measured and profitable growth strategy, tapping into established markets while accelerating momentum for plant-based food adoption across diverse geographies,” Banzon said.
Over a century-old brand
Founded in 1890 by John Harvey Kellogg, Loma Linda is a 135-year-old brand catering to health-conscious consumers, especially within the Seventh-day Adventist community.
It is named after Loma Linda, California, one of five global Blue Zones where people live longer, healthier lives.
Since acquiring Loma Linda in 2016, ANF has expanded the brand’s reach with products such as BIG FRANKS vegan hotdogs, SKALLOPS plant-based seafood, and TUNO plant-based tuna, sold across North America and in over 30 countries.
CPNA is known for its unMeat brand, available in major U.S. retailers and over 13,000 stores worldwide. ANF was previously a supply partner to CPNA, leading to the acquisition.