MeaTech invests a million euro in a Belgian company that produces cultured animal fat
Israeli company plans to include Peace of Meat’s technology in its own range of cell-based products
Nurit Kadosh | 15:13 18.10.2020
TASE-traded MeaTech Ltd., the Israeli startup that is developing technology for bioprinting meat using stem cells, announced on Sunday that it is investing a million euros in Belgian company Peace Of Meat (POM), a B2B supplier of cultured fat, produced from animal cells. The investment decision followed MeaTech’s announcement last month that it had signed a memorandum of understanding on the acquisition of the then-unnamed company for $17.5 million, as part of the company’s strategic plan for implementing cell-based agricultural technologies. The Belgian company has developed a proprietary stem cell-based technology to manufacture fat without harming animals.