AFT Holdings, Inc. announced today that its subsidiary Atlantic Natural Foods, LLC (ANF), has entered into a letter of intent to acquire the assets of neat foods, LLC, of Lancaster, Penn. Both companies expect the acquisition to finalize prior to the close of 2015.
neat markets a natural, gluten and soy-free, shelf-stable healthy alternative protein product, made with pecans, garbanzos, and other neat ingredients. neat also introduced the neat egg™, an all-natural vegan egg substitute to complement the products and maintain the commitment to a vegan lifestyle.
“Our products are a meat-alternative, 100% vegetarian/vegan, non-GMO, and gluten free,” said neat co-founder Laura Lapp, who started the company in 2011 with her husband Phil. “Our daughters inspired us to develop a meat-alternative for vegetarians, and this merger with ANF will help us broaden our reach.”
ANF is in the market for shelf-stable protein-based alternatives to add to its portfolio. “At ANF, we believe adding alternatives for our vegan consumers is critical to creating a solid shelf presence for present and future consumers,” said Kelly Krause, the company’s CEO.
“Great synergies exist between these two companies, which will only enhance the future in the developing healthy living food space,” said AFT Holdings CEO James Douglas Hines. “The commitment to investing in developing concepts, especially within the future’s lifestyle market, is at the core of our strategy.”
Although details of the transaction are not publicly available, it is a multi-year commitment to ensure the growth into the future. For more information about the companies, visit: www.atlanticnaturalfoods.com or www.eatneat.com.