TUNO Manufacturer Atlantic Natural Foods Files for Bankruptcy

US plant-based company Atlantic Natural Foods, which owns brands such as Loma Linda, TUNO, Chick’n, and Neat, has filed for Chapter 11 bankruptcy protection. The company listed $10 million to $50 million in assets and $1 million to $10 million in liabilities with 100 to 199 creditors. This news follows the termination of a $30 million acquisition agreement with Above Food, citing changes in the business landscape, supply chain disruptions, and rising food inflation.

Founded in 2008, Atlantic Natural Foods is known for its plant-based tuna alternative, TUNO, and other plant-based meat alternatives. Despite the challenges in the industry, the company's Chairman, Doug Hines, remains committed to reorganizing the business and returning to its core principles, products, and consumers. He emphasizes the company's mission of creating healthy food for the world in 2025 and beyond using traditional food preparation methods.