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 manufac…
Read the full article at: https://vegconomist.com/company-news/australian-plant-proteins-voluntary-administration/