Century Pacific Buys Loma Linda, Tuno from Plant-Based Meat Maker for Under $10M

Century Pacific Food, a Filipino food conglomerate, has acquired the assets of plant-based meat company Atlantic Natural Foods, including brands like Loma Linda and Tuno, for under $10 million. This acquisition highlights the consolidation in the vegan category and aligns with CPNA's strategy to tap into established markets while accelerating plant-based food adoption globally.

The acquisition brings immediate financial benefits to Century Pacific, with operational integration expected to be seamless. The move to shift production to Century Pacific's facilities will allow the company to scale up its plant-based business without disruption. This acquisition is the latest in a series of M&A deals in the plant-based sector, reflecting the ongoing growth and consolidation within the industry.