The company has wholly acquired EnviroFlight, LLC, a company which rears and produces high-quality, sustainable proteins from black soldier fly larvae.
The recently signed trade deals with Japan and the European Union went into effect on Jan. 1, Trump expects to sign phase one of a deal with China soon.
The funding was approved as part of the federal budget for 2020, which will allow the Center for Veterinary Medicine to increase its staff for reviewing new animal food ingredients.
Kormotech Group will be able to expand its operations domestically and internationally thanks to an $11 million loan from the European Bank for Reconstruction and Development.