Meat-Tech invests in cultured fat firm Peace of Meat

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In Israel, cell-based meat production firm Meat-Tech 3D Ltd has invested €1 million (USD$1.2 million) in Peace of Meat, a cultured fat developer, and, pending milestone achievements, announced plans to acquire the entire company for about $17.5 million over the next two years.

Peace of Meat, based in Antwerp, Belgium, has developed a stem-cell-based technology to produce animal fats, such as those from cattle, chicken or geese, without harming any animals.

“Meat-Tech believes that hybrid products, such as plant-based burgers made with cultured fat, may prove to be an exciting new product category. Such fats may offer improved aromas, flavors and textures as compared to purely plant-based proteins,” says added Steve H. Lavin, Chairman of the Board of Directors of Meat-Tech. “Completing this acquisition will add technological capabilities to support Meat-Tech’s core center-of-plate product offering.”