Mangalore: Mukka Proteins Limited, India’s leading animal protein player, has announced the completion of its strategic acquisition of a majority stake (51%) in FABBCO Bio Cycle and Bio Protein Technology Private Limited (FABBCO). This investment, amounting to approximately ₹6 crore, marks a significant step forward in MPL’s commitment to building a robust, sustainable alternative protein segment and is already catalyzing the rapid expansion of its proven waste-processing model into new metropolitan markets.
With this acquisition, MPL reinforces its leadership in alternative protein solutions by integrating FABBCO’s innovative waste-to-protein technology. FABBCO specializes in a pioneering process that utilizes the Black Soldier Fly (BSF) larvae method—a highly efficient, closed-loop biological system that not only addresses major environmental challenges by diverting organic waste from landfills but also creates two high-value products: nutrient-rich compost for agriculture and sustainable, high-quality protein ideal for animal feed. This transaction directly aligns with MPL’s vision of expanding its high-growth, sustainable feed portfolio.
Commenting on the development, Mohammed Haris, Managing Director & CEO of Mukka Proteins Limited, stated: “This acquisition is a pivotal step in our long-term strategy. By integrating FABBCO, we are not just expanding our capabilities but immediately deploying them. The new 300 tons-per-day facility in Bengaluru, operationalized under a contract with Bruhat Bengaluru Mahanagara Palike (BBMP), is a testament to our joint capacity to execute large-scale, impactful projects that tackle urban waste management head-on. By integrating FABBCO into our portfolio alongside Ento Proteins, our subsidiary, we are significantly expanding our capabilities to provide responsibly sourced, nutrient-dense, and cost-effective feed solutions. MPL as a group now operates approximately 500 tons per day of waste management capacity using BSF technology across multiple locations, reinforcing our leadership position in sustainable waste processing.”
He further added: “This investment is also deeply 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 actively reducing the industry’s reliance on marine-based feed ingredients. This initiative perfectly embodies circular economy principles by transforming urban waste streams into essential agricultural inputs, as demonstrated by our successes in Mangalore and our immediate expansion to Bengaluru.”
The acquisition creates powerful synergies that position Mukka Proteins as a leader in the sustainable feed sector:
- Enhanced Portfolio: The integration of FABBCO with MPL’s existing insect protein subsidiary, Ento Proteins, creates a robust and diversified alternative protein vertical, offering a spectrum of protein solutions—from traditional fish meal to cutting-edge insect-based alternatives.
- Strategic Advantage from Kochi Operations: The acquisition significantly strengthens MPL’s capabilities through the sharing of FABBCO’s specialized technical know-how, design expertise, and operational guidance. FABBCO’s established 100 TPD waste management unit in Kochi serves as a proof of concept. Its team’s proficiency in process optimization and project execution is playing a pivotal role in MPL’s rapid expansion. This collaboration ensures the implementation of advanced design inputs and best practices, enabling MPL to build and scale sustainable waste-to-protein projects efficiently across multiple locations.
- Circular Economy Innovation: FABBCO’s expertise in converting waste into high-value feed provides MPL with a scalable, environmentally positive source of raw materials. By preventing organic waste from reaching landfills, this process significantly reduces methane emissions and enhances MPL’s ESG profile.
- Reduced Dependency: By developing a strong alternative protein source, MPL mitigates risks and builds resilience into its supply chain, insulating the business from the price fluctuations and supply chain disruptions often associated with wild-caught marine resources.
