Deals
Private Equity Makes Its First Investment in Insect Farms
- Protix breeds black soldier fly maggots for use in animal feed
- Fly larvae feed on waste and are used in protein meal and oils
Source: Protix
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Rabo Corporate Investments, the private equity arm of Dutch lender Rabobank Group, has made its first venture into the insect protein industry by buying a stake in the Netherlands’ Protix BV.
The investment, the size and value of which weren’t disclosed, comes months after the company opened what it describes as the world’s largest insect factory in Bergen Op Zoom, at a cost of more than 40 million euros ($45 million). The company breeds larvae of the black soldier fly and converts them into meal and oils for animal and fish feed as well as producing fertilizer from their waste.