Twine X series
Search documents
Steakholder Foods Announces Acquisition of Twine Solutions
Globenewswire· 2025-11-04 13:00
Core Insights - Steakholder Foods Ltd. has acquired Twine Solutions Ltd., enhancing its digital printing capabilities in the foodtech industry and positioning itself as a leader in smart manufacturing and supply chain optimization [1][2][3] - The acquisition allows Twine's shareholders to retain a minority stake of approximately 20% in Steakholder Foods, reflecting a strategic partnership aimed at innovation and growth [1][5] Company Overview - Steakholder Foods specializes in 3D printing technologies for alternative proteins, aiming to transform the food industry with advanced production methods [6][7] - Twine Solutions is known for its proprietary waterless dyeing technology, which is revolutionizing the $120 billion textile thread and yarn industry by enabling on-demand dyeing solutions [4][8] Strategic Goals - The acquisition is intended to create a global digital technology powerhouse that can innovate across multiple industries, including food and textiles [2][3] - Both companies aim to explore commercial applications that emphasize speed, personalization, sustainability, and scalability [3] Technological Advancements - Twine has developed the world's first digital thread and yarn dyeing system that utilizes a waterless process, supported by 10 granted and pending patents [3] - The combined technological capabilities of Steakholder and Twine are expected to enhance operational efficiency and environmental sustainability in textile production [4][8] Market Positioning - The acquisition positions Steakholder Foods to expand its market reach beyond foodtech into adjacent industries with significant growth potential [5] - Twine's partnerships with major brands like Zara and COATS Group highlight its influence and strategic importance in the textile sector [4]
Steakholder Foods Announces Signing of Agreement for the Acquisition of Twine Solutions
Globenewswire· 2025-09-22 11:00
Core Insights - The acquisition of Twine Solutions Ltd. by Steakholder Foods Ltd. aims to create a global digital technology powerhouse that can revolutionize multiple industries, including food and textile sectors [2][3] - Twine's innovative waterless dyeing technology and Steakholder's 3D food printing technology will be combined to enhance production capabilities and sustainability [3][8] Company Overview - Steakholder Foods specializes in 3D printing technologies for alternative proteins and aims to transform the food industry through advanced manufacturing [9][10] - Twine Solutions focuses on digital dyeing technology for the textile industry, utilizing a proprietary waterless process that significantly reduces environmental impact [11] Financial Aspects - Twine's shareholders will receive approximately 25% of Steakholder's outstanding equity, with potential to increase to 35% based on performance milestones [1] - Prior to the acquisition, Twine's shareholders invested $1.74 million in Steakholder at a substantial premium, which will convert into equity post-acquisition [3] Strategic Goals - The combined entity aims to explore commercial applications across various industries, focusing on speed, personalization, sustainability, and scalability [3][8] - The acquisition is expected to broaden Steakholder's activity base and diversify income streams, positioning the company for growth in multiple sectors [8] Market Impact - Twine is positioned to disrupt the $120 billion textile thread and yarn industry with its on-demand dyeing solutions, generating economic and ecological benefits [6] - The partnership is anticipated to enhance operational efficiency and meet evolving market demands in both food and textile industries [2][8]