OAKBROOK TERRACE, ILL. — ACH Food Companies, Inc., a manufacturer of cooking and baking products, has acquired Anthony’s Goods, a digital brand that offers such products as almond flour, coconut flour and psyllium husk. Terms of the acquisition were not disclosed.
Anthony’s Goods’ niche is in e-commerce, specifically the natural and organic category. The company has a limited presence in retail. Only 5% of sales come from brick and mortar.
“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 Food. “Anthony’s is one of the fastest growing, entrepreneurial businesses we’ve seen in our sector and 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.”
ACH Foods, Inc. said Anthony’s Goods will operate independently of the company and founders Anthony Zanontian and Alex Avakian will continue to lead the company.