Mukka Proteins Expands Fish Meal Capacity with Strategic Acquisition of GSM Marine Export

Mukka Proteins Limited, a leading manufacturer and exporter of fish meal and fish oil in India, has announced the acquisition of a 51% stake in GSM Marine Export. This strategic move is valued at ₹14 crore, not ₹140 million as previously mentioned, and aims to enhance Mukka Proteins' processing capabilities and secure additional raw material supply chains.

The acquisition aligns with Mukka Proteins' strategy to meet the increasing global demand for high-quality fish meal and fish oil, essential ingredients in aquafeed, poultry feed, and pet nutrition. GSM Marine Export, incorporated in 2021, has shown rapid growth, with revenue increasing from ₹4.83 crore in FY 2022-23 to ₹32.35 crore in FY 2023-24.

Mohammed Haris, Managing Director & CEO of Mukka Proteins, emphasized that the acquisition is a significant step in their growth strategy, enhancing production capacity and operational efficiency. The transaction is expected to be completed by June 30, 2025, subject to customary closing conditions.

Mukka Proteins continues to distribute its products domestically and exports to over 20 countries, further solidifying its leadership in the fish meal industry.

Sources: DSIJ Intelligence, Equity Bulls, Marketscreener.