Ynsect accelerates its international expansion with the acquisition of Dutch AgTech business Protifarm, as it scales into the market
PR88949
Ynsect accelerates its international expansion with the acquisition of Dutch AgTech business Protifarm, as it scales into the market for human food ingredients made from insects
PARIS, Apr. 13, 2021 /PRNewswire=KYODO JBN/ --
-- The integration announces growth in Ynsect mealworm production capacity with
two mealworms species now in its portfolio
Ynsect, the world leader in natural insect protein, has acquired Protifarm, the
global leader in mealworm ingredients for human food applications. Their 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, Ynsect is expanding into the market of food
ingredients derived from insect ingredients for humans.
In addition to its sites in France, Ynsect 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 Ynsect, perfectly matching our long-term
goals and sustainability values. Acquiring Protifarm is a strategic next step
for us, strengthening Ynsect's leading position in the global market and
allowing us to properly address the human and pet food markets with
complementary products," explains Antoine Hubert, Co-Founder and CEO of Ynsect.
The Dutch state-of-the-art vertical farm produces more than 1,000 metric tons
of food ingredients annually. With two Ynsect production sites in operation and
one under construction, the result is an increase in volume and accelerated
production and delivery to customers.
Ynsect and Protifarm already share a lot of common ground, from the way they
approach science and technology on mealworms, to quality and operational
excellence. Protifarm brings nearly 40 years of experience in insect breeding
and owns 37 patents across 10 categories, bringing the total number of patents
owned by Ynsect to nearly 300.
"The evolution of a more sustainable intake of nutrition is only at its
beginning, but the demand for products meeting these standards is set to grow
exponentially in the coming years. The consolidation of Protifarm with Ynsect
will expand our scale to meet this demand globally," comments Tom Mohrmann, CEO
of Protifarm.
With established food customers in Germany, the Netherlands, England, Denmark,
and Belgium, Protifarm's Novel Food application is expected, same as Ynsect's,
to receive EU approval in the near term. As Protifarm's Buffalo mealworm and
Ynsect's Molitor mealworm meet complementary needs, the company now offers a
platform of interchangeable food and feed ingredients, addressing the demand
for different premium applications coming from two types of mealworm.
About Ynsect
Ynsect is the world leader in natural insect protein and fertilizer production.
Founded in 2011 in Paris, Ynsect transforms insects into premium ingredients
for pets, fish, plants, and human beings. From its state of the art farms,
Ynsect uses pioneering proprietary technology protected globally by c.300
patents to produce Molitor and Buffalo mealworms in vertical farms.
www.ynsect.com
Contact: Ynsect
Anais Maury
anais.maury@ynsect.com
+33-(0)6-78-44-59-80;
HOPSCOTCH FOOD & DRINK
Katie Kelly
kkelly@hopscotch.eu
+44-20-3372-9408
SOURCE: Ynsect
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