M&A
Mukka Proteins acquires 51% in Fabbco Bio for Rs.6-Cr
Mangaluru-based, publicly listed fish protein manufacturer Mukka Proteins Limited (MPL) has acquired a 51% majority stake in FABBCO Bio Cycle and Bio Protein Technology for INR 6 crore. The acquisition is intended to strengthen Mukka Proteins (MPL)'s position in the alternative feed sector and complement its existing insect protein venture, Ento Proteins. With this acquisition, MPL aims to expand its presence in sustainable protein solutions by utilizing FABBCO's expertise in insect-based protein production.FABBCO specializes in insect meal production and waste processing, supporting MPL's diversification into environmentally responsible feed solutions. For FY24, FABBCO had recorded turnover of INR 77.98 lakhs.
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