Corporations that produce sure pure, plant-based meals merchandise have struggled to generate satisfactory income and in some circumstances set up shelf area in mainstream grocery shops throughout the nation for the reason that Covid-19 pandemic.
Iconic retail meals producer Atlantic Pure Meals LLC, which was established in 1890, sells its merchandise in retail shops and markets its plant-based merchandise on Amazon, together with its Loma Linda model Huge Franks vegan sizzling canines, plant-based canned Tuno fish and canned Chik’n, neat plant-based egg substitute, and caffeine-free espresso various Kaffree Roma.
Since 2019, the corporate’s plant-based meals merchandise have been discovered at varied shops, akin to Costco, Walmart, Goal, and Aldi, in accordance with the corporate. The corporate does not have retailer shelf area drawback, as its merchandise can be found in over 25,000 shops within the U.S. and 30 different international locations.
Atlantic Pure Meals filed for chapter
Nashville, N.C.-based Atlantic Pure Meals, nevertheless, filed for Chapter 11 safety on April 7 to reorganize its enterprise 5 months after terminating a pending merger settlement with Above Meals. The corporate didn’t state a selected cause for submitting for chapter.
The businesses, which withdrew from a sale transaction on Nov. 1, 2024, blamed the worldwide influence of the Covid-19 pandemic, provide chain disruptions, and rising meals inflation as the important thing components of their resolution to cancel the deal.
Extra chapter:
- 34-year-old informal eating chain recordsdata for Chapter 11 chapter
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- 55-year-old ladies’s trend firm recordsdata Chapter 11 chapter
These components additionally probably impacted the Atlantic Pure Meals’ revenues sufficient to drive it to file for chapter safety.
One other meals firm that makes use of pure sweeteners in its merchandise was additionally pressured into Chapter 11 chapter, however ths firm had issue sustaining shelf area in shops.
True Made Meals filed for Chapter 11 chapter after its merchandise have been dropped by main grocery retail chains.
True Made Meals recordsdata for chapter safety
Heinz ketchup rival True Made Meals Inc., the maker of naturally sweetened ketchup, barbecue sauce, and different condiments, filed for Chapter 11 chapter after its merchandise have been dropped by main grocery retail chains like Kroger and Safeway post-Covid-19 pandemic.
The Alexandria, Va.-based producer of sugar-free condiments filed its petition on Oct. 30 within the U.S. Chapter Court docket for the Jap District of Virginia, itemizing $500,000 to $1 million in belongings and $1 million to $10 million in liabilities, RK Consultants reported.
True Made Meals, which was based in 2015, manufactures and distributes condiments which can be naturally sweetened with fruit and veggies, together with ketchup, mustards, barbecue sauces and rubs, and cayenne sizzling sauce.
True Made Meals merchandise
- True Made Meals ketchup
- True Made Meals yellow mustard
- True Made Meals honey mustard
- True Made Meals Authentic barbecue sauce
- True Made Meals Carolina Crimson barbecue sauce
- True Made Meals Carolina Gold barbecue sauce
- True Made Meals rib rub
- True Made Meals pork rub
- True Made Meals all rub
- True Made Meals Cayenne sizzling sauce.
The debtor had raised over $6.9 million in funding to assist the corporate’s development and reached its peak of distribution with placement in over 5,000 retailers, earlier than the pandemic outbreak led to grocers, akin to Kroger and Safeway, shifting shelf area to bigger manufacturers, in accordance with RK Consultants.
Grocery shops that includes True Made Meals gadgets
- Complete Meals
- Sprouts
- The Contemporary Market
True Made Meals merchandise are nonetheless accessible at retailers akin to Complete Meals, Sprouts, and The Contemporary Market, in accordance with the corporate’s web site.
Among the many debtor’s largest collectors’ claims is over $361,000 owed to Teton Promotion in Movement for an alleged breach of a distributor settlement.
Below the federal chapter statute, all litigation is topic to an automated keep whereas the chapter case proceeds.
True Made Meals does not use granulated sugar
“We are revolutionizing America’s favorite condiments by using the sweetness of real fruits and vegetables instead of sugar,” the corporate asserts on its web site.
“The result is a naturally delicious flavor without compromise. By using True Made Foods, you are taking the first step in cutting out hidden sugar from your family’s dinner table,” the corporate mentioned.
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