Australian Plant Proteins (APP), known for their patented fractionation technology for producing high-quality protein isolates from various pulses, has been acquired by My Co., the investment vehicle of the Paule Family Office, after entering voluntary administration in 2024. The acquisition is described as a strategic move aimed at supporting local farmers, protecting jobs, and reinforcing Australia's position in the global plant-based food market.

Following the acquisition, APP plans to establish a fibre and starch processing facility to increase production capacity and diversify product offerings. My Co. aims to enhance operational efficiencies and marketing strategies to develop new products that cater to evolving consumer tastes and the growing demand for plant-based alternatives. The acquisition is expected to strengthen Australia's agricultural value chain, promoting local sourcing, sustainability, and plant-based innovation.

Overall, the acquisition of Australian Plant Proteins by My Co. is seen as an opportunity to grow the plant protein industry in Australia, deliver high-quality plant-based ingredients sourced from Australian-grown pulses, and create valuable employment opportunities in the Horsham area.