Insect protein company Ÿnsect acquires Protifarm for ‘strategic boost’ in human nutrition

Protifarm is ‘the worldwide chief in mealworm components for human well being functions’, in line with Ÿnsect, which unveiled the deal yesterday. Ÿnsect at the moment makes a speciality of insect protein manufacturing for the animal agriculture and pet meals markets.

Following the European Food Safety Authority’s choice that mealworms are secure for human consumption this January, Ÿnsect believes that the sector represents a giant alternative to additional its long-term ambition to supply ‘pure, ‘wholesome’, and ‘sustainable’ protein. The firm is subsequently ‘fast-tracking’ its impression by increasing into the meals ingredient market.

“Protifarm is a compelling strategic match for Ÿnsect, completely matching our long-term objectives and sustainability values. Acquiring Protifarm is a strategic subsequent step for us, strengthening Ÿnsect’s main place within the international market and permitting us to correctly handle the human meals and pet-food markets with complementary merchandise,”​ defined Antoine Hubert, Co-Founder and CEO of Ÿnsect.

Growing capability, IP and R&D capabilities

Ÿnsect at the moment operates two manufacturing amenities in its home market, France, with a 3rd underneath development. The acquisition will see it tackle a further manufacturing web site in Ermelo, the Netherlands.

Through the deal, Ÿnsect ‘scales into the human edible insect protein market’ and ‘accelerates its worldwide enlargement’, a spokesperson mentioned.

Protifarm has established meals clients in Germany, the Netherlands, England, Denmark, and Belgium, permitting Ÿnsect to ‘strategically increase’ its attain. Ÿnsect confused that the Netherlands is ‘ideally positioned’ to help its worldwide enlargement, rising entry to clients within the Benelux and the North of Europe.

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