APP founders Brendan McKeegan and Phil McFarlane. Photo: Food Frontier
ISOLATES manufacturer Australian Plant Proteins has entered voluntary administration, with hopes that a buyer or investor can step in to continue operations.
Founded in 2016 by Brendan McKeegan and Phil McFarlane, APP employs more than 30 people at two Victorian locations, a research-and-development site at Werribee near Melbourne, and a commercial fractionation facility at Horsham in the Wimmera district.
Horsham currently produces 1200-tonnes of plant-protein isolates per annum, mostly from faba beans, but APP also from yellow pea, mungbean and yellow and red lentil isolates upon request.
Isolates are sold directly to plant-protein businesses and the food ingredient distributors domestically and overseas to be used in retail products, such as meat and dairy alternatives, bakery goods, snack and convenience foods, and pet food.
Melbourne firm Romanis Cant has been appointed as administrator for APP, and is in the process of restructuring the business and finding a suitable buyer or investor.
It is preferred that the company be sold as a going concern.
Grain Central understands APP directors have been working collaboratively with…