Australian Plant Proteins

Australian Plant Proteins facility

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Investments & Acquisitions

Australian Plant Proteins Acquired by My Co. After Entering Voluntary Administration in 2024

Australian Plant Proteins (APP), a producer of high-quality protein isolates, has been acquired by My Co., the investment vehicle of the Paule Family Office. APP is known for its patented fractionation technology, which enables the production of protein isolates from faba beans, yellow peas, lentils, mung beans, and other pulses through a unique extraction process. The clean, non-solvent method produces a highly functional protein isolate containing over 85% protein. APP entered voluntary administration in July of last year after experiencing financial difficulties. My Co. says the acquisition is a strategic move that will support local farmers, protect jobs, and reinforce Australia’s status in the global plant-based food market. “This acquisition opens doors to numerous possibilities for APP,” said Vicky Pappas, CEO of My Co. “With …

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Company News

Isolate Manufacturer Australian Plant Proteins Enters Voluntary Administration

Australian Plant Proteins (APP), the only manufacturer of Australian-grown faba bean and pulse protein isolates, has entered voluntary administration. APP operates the largest of three commercial-scale plant protein fractionation facilities in Australia, producing 1200 tonnes of isolates per year at the site in Horsham, Victoria. The ingredients are used by domestic and overseas companies in products such as breakfast cereals, breads, bakery goods, snack foods, and meat and dairy alternatives. Melbourne-based financial and business advisory firm Romanis Cant has been appointed as administrator, with the hope that APP will be sold as a going concern. It is unclear why the company ran into trouble, but a plan to construct further manufacturing facilities may have been partially responsible; the federal and South Australian governments were initially …

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