ACH Food Companies Inc., a leading manufacturer of cooking oils and baking products, has announced its acquisition of Anthony's Goods, a leading digital-native brand in the natural and organic food space that provides consumers with a diverse set of high quality products, ranging from almond and coconut flours to psyllium husk.
Anthony's Goods was founded by Anthony Zanontian and Alex Avakian, two long-time friends who decided to sell almond flour and other gluten-free ingredients after doctors diagnosed Zanontian with rheumatoid arthritis. He found that removing wheat from his diet made him feel better, but it was difficult for him to find alternative flour products in convenient sizes.
Zanontian and Avakian transformed this market insight into a fast-growing leader in the ecommerce natural and organic food space, with many of its products becoming category top selling items on Amazon. The brand has built a loyal consumer following as evidenced by thousands of positive reviews on Amazon. Anthony's Goods will continue to operate independently, led by the founders.
"We definitely found the right partner in ACH, as they demonstrated a relentless passion and deep attention to detail for our products and our consumers," Zanontian said.
Avakian added, "We're confident that ACH's experience and capabilities, guided by our original vision, will help bring our great tasting organic, natural flours and meals to the world."
"One of the key reasons we partnered with Anthony's Goods is their ability to rapidly meet increasing consumer demands for high quality natural, organic options," said Imad Bazzi, chief executive officer of ACH. "Anthony's is one of the fastest-growing entrepreneurial businesses we've seen in our sector and [it] will be a strong complement to our core business. We look forward to working with Anthony and Alex to bring their vision for Anthony's Goods to more happy and passionate consumers."
Source: ACH Food Companies Inc.