Steakholder Foods announces acquisition of Twin Solutions

Steakholder Foods (STKH) announced that it has acquired Twine Solutions, a transformative force in the digital dyeing of thread and yarn, adding Twine’s technological abilities to its existing digital printing abilities in the foodtech industry. According to the acquisition agreement, Twine’s erstwhile shareholders received a minority stake of approximately 20% in Steakholder Foods in return for all outstanding shares of Twine on a fully-diluted basis. The acquisition of Twine by Steakholder is a first step in creating a global digital technology powerhouse with the capability to revolutionize multiple traditional industries including Steakholder’s existing food industry, as well as in creating a new paradigm in the fashion and textile through advanced manufacturing and supply chain solutions provided by Twine.