Strategic Fit

Mukka Proteins Ltd. (MPL), a leading fishmeal and fish oil manufacturer, has acquired a 51% stake in FABBCO for ₹8.76 crore. This move strengthens MPL’s alternative protein portfolio by venturing into insect-based protein technology. FABBCO’s expertise in Black Soldier Fly (BSF) waste-to-protein conversion complements Mukka’s focus on sustainable animal nutrition while aligning with ESG and circular economy goals.

Deal Structure

Stake acquired : 51%

Value : ₹8.76 crore (cash consideration)

Entity acquired : FABBCO Pvt. Ltd., a specialist in BSF waste-to-protein solutions

Synergy : Integration with MPL’s Kochi operations, leveraging FABBCO’s design and execution capabilities

Competitive Landscape

The acquisition positions Mukka Proteins ahead of traditional feed producers by diversifying into next-generation protein sources. With growing pressure to reduce reliance on wild-caught marine inputs, insect protein offers a scalable, eco-friendly alternative. Competitors in global markets, including Protix (Netherlands) and Innovafeed (France), are also investing heavily in BSF technology, indicating rising demand for sustainable animal feed.

Market Reaction

Analysts view the deal as a forward-looking diversification strategy, enhancing Mukka’s resilience against raw material volatility in the marine sector. It is also expected to support India’s waste management ecosystem, as FABBCO currently processes 500 tons/day of organic waste. This acquisition resonates well with investors increasingly focused on UN Sustainable Development Goals (SDGs) and green investment narratives.

Final Word

Mukka Proteins’ majority stake in FABBCO marks a decisive step towards becoming a leader in circular bio-economy solutions. By tapping into insect-based protein feed, the company not only expands its product base but also sets a benchmark for sustainability in India’s animal nutrition sector.