Monday, May 10, 2021

Ÿnsect accelerates international expansion with Protifarm acquisition

Parisian insect protein specialist, Ÿnsect, has accelerated its international expansion with the acquisition of Protifarm, a Dutch producer of mealworm ingredients for human food applications.

The joint offering will accelerate manufacturing capabilities with a third production site, as the company move to deliver on its long-term strategy to offer a healthy, sustainable solution to the accelerating consumption of protein.

Following the European Food Safety Authority deeming mealworms safe for human consumption this January, Ÿnsect is expanding into the market of food ingredients derived from insect ingredients for humans.

In addition to its sites in France, Ÿnsect now expands internationally with the integration of Protifarm, a Dutch production site based in Ermelo, one hour east of Amsterdam. This solidifies the company’s position as the world’s largest insect food and feed player.

“Protifarm is a compelling fit for Ÿnsect, perfectly matching our long-term goals and sustainability values,” said Antoine Hubert, Co-Founder and CEO of Ÿnsect.

“Acquiring Protifarm is a strategic next step for us, strengthening Ÿnsect’s leading position in the global market and allowing us to properly address the human and pet food markets with complementary products.”

The Dutch state-of-the-art vertical farm produces more than 1,000 metric tons of food ingredients annually.

With two Ÿnsect production sites in operation and one under construction, the result is an increase in volume and accelerated production and delivery to customers.

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