Mukka Proteins Ltd Strengthens Alternative Protein Portfolio with Strategic Acquisition of FABBCO

Mukka Proteins Limited (NSE: MUKKA | BSE: 544135), India's key fish meal player, has announced the strategic acquisition of a majority stake (51%) in FABBCO Bio Cycle and Bio Protein Technology Private Limited (FABBCO). This investment, amounting to ₹6.00 crore, further strengthens MPL's sustainable alternative feed segment, complementing its existing insect protein venture, Ento Proteins.

With this acquisition, MPL reinforces its leadership in alternative protein solutions, leveraging FABBCO's expertise in insect-based protein production. The transaction aligns with MPL's vision of expanding its high-growth, sustainable feed portfolio to cater to the increasing demand for sustainable protein sources for the global aquafeed and livestock industry.

Mohammed Haris, Managing Director & CEO, Mukka Proteins Limited, stated: "This acquisition is a pivotal step in Mukka Proteins' long-term strategy to develop sustainable, highquality protein solutions. The animal feed industry is undergoing a significant transformation, and alternative proteins, particularly insect meal, are poised to play a crucial role in securing the future of feed and food security. By integrating FABBCO into our portfolio alongside Ento Proteins, we are expanding our capabilities to provide responsibly sourced, nutrient-dense, and cost-effective feed solutions to global markets."

He further added: "This investment is also aligned with the United Nations Sustainable Development Goals (SDGs), particularly Goal 12 (Responsible Consumption and Production) and Goal 14 (Life Below Water). By advancing insect protein as an alternative feed ingredient, we are reducing reliance on traditional fish meal sources, promoting circular economy principles, and minimizing the environmental footprint of protein production."

FABBCO specializes in insect meal production and waste processing, aligning with MPL's strategy of diversifying into environmentally responsible feed solutions. The acquisition is expected to be completed by June 30, 2025, subject to customary closing conditions.

Shares of Mukka Proteins Limited was last trading in BSE at Rs. 33.60 as compared to the previous close of Rs. 33.92. The total number of shares traded during the day was 41506 in over 409 trades.

The stock hit an intraday high of Rs. 34.50 and intraday low of 33.50. The net turnover during the day was Rs. 1402305.00.

Source : Equity Bulls

Keywords

MukkaProteins AnimalFeed INE0CG401037 StrategicAcquisition MajorityStake FABBCOBioCycleandBioProteinTechnology