Australian regenerative food and agriculture company Wide Open Agriculture (ASX: WOA) has acquired Germany’s leading sweet lupin protein producer, Prolupin, for €2.5 million. WOA has stated that the initiative aims to position the company as a global leader. The acquisition includes Prolupin’s manufacturing facility at Grimmen in northern Germany, providing WOA with commercial-scale manufacturing to introduce Buntine Protein, its flagship product, to the European market. According to WAO, the company has a growing pipeline of potential customers and it will be able to supply its lupin products within six months. The facility, which can produce 500 t of lupin protein concentrate, will be upgraded to 1,000 t within one or two years. Jay Albany, CEO of WOA, said: “This acquisition grants us immediate commercial production capacity in …
Food-tech start-up Prolupin, a producer of alternative dairy products using proteins derived from lupin beans, announces the first closing of a double-digit million euro growth financing round, enabling the company to increasingly address demand and expand internationally with its vegan brand Made with LUVE.
Prolupin produces plantbased products from the lupin bean as an alternative to soy, rice, almonds and coconut. The bean is similar in makeup to milk protein and as such is well suited for the production of milk product alternatives such as yogurt and ice cream. Here we are pleased to feature an end of year guest post from Prolupin about their successful product line, MADE WITH LUVE.
Milk alternatives from plant-based sources such as soy, rice, and almonds have been well-known for a long time. However, the use of sweet lupin beans is something relatively new to the market. Prolupin GmbH has been researching processing options for sweet lupin protein for many years, so that the positive properties of sweet lupins can be used in the best possible way.