Atlas of the Food Industry: Atlantic Natural Foods Sells to Century Pacific!

Atlas of the Food Industry: Atlantic Natural Foods Sells to Century Pacific!

Atlantic Natural Foods (ANF) is undergoing a major restructuring and plans to sell its assets to Century Pacific North America Enterprise, Inc., a Filipino food company. This was done by vegconomist reported. On June 24, 2025, the U.S. Bankruptcy Court for the Eastern District of Louisiana approved the bidding process, part of a comprehensive plan to rescue the company.

The move follows a series of challenges for ANF, which filed for Chapter 11 bankruptcy in 2023. North Carolina manufacturing facilities were shut down in March 2025 and manufacturing was relocated to focus production in the Philippines. The shift is the result of increased costs and difficulties in supply chain management, including tariffs on materials such as steel, grains and spices.

Challenges and restructuring

Douglas Hines, chairman of ANF, described the restructuring phase as extremely difficult. A key issue was the increase in IT costs caused by cybersecurity attacks, which reinforced the need to revise business strategy. ANF ​​intends to continue to ensure the availability of plant-based products to its customer base, despite the financial and operational challenges the company faces.

An auction for additional qualified offers will be held on July 28, 2025, with Century Pacific serving as the stalking horse bidder. This could set the stage for stabilization of the company, which has struggled with various difficulties in the past.

Bankruptcy in the food industry

Another worrying development in the food industry concerns the Berlin startup Bosque Foods. This company filed for bankruptcy, as reported by Mercury reported. The Charlottenburg District Court ordered provisional insolvency administration on September 6th, with lawyer Torsten Martini appointed as provisional insolvency administrator.

Bosque Foods, which specializes in the development of meat substitutes made from mycoproteins, has not been able to overcome difficulties in finding new investors. Plant-based alternatives to chicken and pork fillets were planned, which were to be sold in both grocery stores and restaurants. A first product was planned for this year, but its market entry is now at risk. In order to pool resources, the German branch will be closed and the focus will be on entering the US market.

The company received government funding of 460,000 euros last year and 171,000 euros in June of this year. In 2022, Bosque Foods closed a financing round of around three million euros, but recent developments appear to be exacerbating the company's already fragile situation and join the general trend towards insolvency in the food sector, which has also recently affected Alife Foods.