After an extensive research program at Curtin University, Australian regenerative food and agriculture company Wide Open Agriculture (WOA) has successfully used its Modified Lupin Concentrate (MLP) to develop a variety of plant-based products.
Wide Open Agriculture Secures Ingå Group as Exclusive Distributor for Lupin-Based Proteins in Europe
Wide Open Agriculture Limited (WOA), an Australian-based regenerative food and agriculture company, announced that it has signed a non-binding term sheet alongside Ingå Group (Ingå), a sustainable food ingredient developer. The term sheet outlines a proposed distribution and investment agreement that positions Ingå as the exclusive distributor of WOA’s lupin-based proteins in Europe. Recently acquired from German lupin protein producer ProLupin, WOA’s lupin-based protein isolates, which the company has branded Buntine Protein®, can be used in plant-based dairy, alternative meats, baked goods, and protein supplements. As part of the agreement, Ingå will invest €500,000 (A$825,000) in Wide Open Agriculture Germany GmbH, a subsidiary of WOA. This investment is expected to grant Ingå a 15% stake in Wide Open Agriculture Germany GmbH, valued at €2.9 million, …