Mukka Proteins Limited Strengthens Alternative Protein Portfolio with Strategic Acquisition of FABBCO
Mukka Proteins Limited (MPL), a key animal protein player in India, has completed a strategic acquisition of a majority stake (51%) in FABBCO Bio Cycle and Bio Protein Technology Private Limited. The investment, amounting to approximately INR 6 crore, aims to build a robust sustainable alternative protein segment and expand the proven waste-processing model into new metropolitan markets. FABBCO specializes in a pioneering process that utilizes the Black Soldier Fly (BSF) larvae method to create nutrient-rich compost for agriculture and sustainable, high-quality protein for animal feed. This acquisition directly aligns with MPL’s vision of expanding its high-growth, sustainable feed portfolio and tackling urban waste management head-on.
Key Highlights
- MPL acquires a 51% stake in FABBCO for INR 5,95,10,500 through share subscription and acquisition from existing shareholders.
- FABBCO’s BSF technology provides MPL with a scalable, environmentally positive source of raw materials, enhancing its ESG profile.
- The acquisition strengthens MPL’s capabilities through the sharing of specialized technical know-how, design expertise, and operational guidance.
- MPL mitigates risks and builds resilience into its supply chain by developing a strong alternative protein source.
- FABBCO’s 100 TPD waste management unit in Kochi serves as a proof of concept, demonstrating successful execution of large-scale, impactful projects.