Mukka Proteins Expands Insect Protein Business with Strategic Acquisition of FABBCO

Mukka Proteins Limited, a leading player in India's fish protein industry, has announced a strategic investment to expand its insect protein business. The company is acquiring a 51% stake in FABBCO Bio Cycle and Bio Protein Technology Private Limited for ₹6 crore, not ₹60 million as previously mentioned. This acquisition aims to strengthen Mukka Proteins' presence in sustainable protein solutions by leveraging FABBCO's expertise in insect-based protein production.

The transaction complements Mukka Proteins' existing insect protein venture, Ento Proteins, and aligns with its strategy to grow its feed portfolio in response to increasing global demand for sustainable aquafeed and livestock nutrition. FABBCO specializes in insect meal production and waste processing, supporting Mukka Proteins' diversification into environmentally responsible feed solutions.

Mohammed Haris, Managing Director & CEO of Mukka Proteins, highlighted that this acquisition is pivotal in developing sustainable protein solutions, aligning with the United Nations Sustainable Development Goals (SDGs). By integrating FABBCO into its portfolio, Mukka Proteins expands its capabilities to provide responsibly sourced, nutrient-dense, and cost-effective feed solutions globally.

The acquisition is expected to be completed by June 30, 2025, subject to customary closing conditions. This move underscores Mukka Proteins' commitment to sustainable feed solutions and its position as a key player in the Indian fish protein industry, exporting products to over 20 countries worldwide.

Sources: Business Standard, Equity Bulls, Blinkx, National Stock Exchange of India.