AgriProtein and Millibeter partnered
AgriProtein has agreed to an all-share acquisition of Belgium-based insect feed company Millibeter.
AgriProtein has been also recently named as one of Time magazine’s Top 50 Genius Companies.
Jason Drew, AgriProtein CEO, said: “We look forward to welcoming Millibeter into the AgriProtein family. It will accelerate our EU expansion, adding an experienced team who will bring complementary technologies to our growing business,”.
Millibeter CEO Johan Jacobs added: “The team at Millibeter are excited to join AgriProtein and add value to their global project roll-out plans and R&D programs. We have always believed in the potential of the organic nutrient recycling market in Europe. This investment is a significant vote of confidence in that industry,”.
Drew also said: “The company has recently expanded its R&D capability to over 45 people based in its state-of-the-art chemistry and genetics laboratories in Cape Town. It has also hired senior staff from engineering and organic substrate management backgrounds to increase its project roll-out capacity. The company is focusing on the aquafeed market, where demand is increasing year on year to satisfy increasing consumer demand for farmed fish”.
“There is simply not enough marine material left in the oceans to meet fishmeal demand in aquafeed, let alone in other markets. Along with algae and bacteria, new, disruptive sources of protein like our own are needed to close the feed gap and, in the process, help repair the future of the planet,” he commented.