Tiv Ta'am, a leading processor, producer and distributor of meat and seafood in Israel has signed a letter of intent with MeaTech an aspirant developer of cell-cultured meat.
Hagai Shalom, CEO of the Tiv Ta'am Group said, "today we are taking a significant step in expanding the business strategy of our company in light of the accelerating development of the food-tech industry as a whole and in particular synergy with the cultivated meat industry".
Sharon Fima, CEO of the MeaTech Group stated, "we are proud that a significant player in the Israeli food industry with activities in both retail and meat processing fields has chosen MeaTech to be its partner in the competitive and evolving food-tech field in Israel and around the world".