Steakholder Foods shares surge 11.39% premarket after acquiring Twine Solutions to expand into digital textile dyeing.

Steakholder Foods surged 11.39% in premarket trading following the announcement of its acquisition of Twine Solutions, a digital thread and yarn dyeing company. The strategic move combines Steakholder’s 3D food printing technology with Twine’s waterless dyeing systems, positioning the combined entity as a leader in digital manufacturing across foodtech and textiles. Twine shareholders received a 20% minority stake in Steakholder, and the acquisition is expected to expand the company’s market reach, leveraging Twine’s partnerships with brands like Zara and COATS Group. CEO Arik Kaufman emphasized the acquisition as a catalyst for growth in adjacent industries, aligning with global trends in sustainability and supply chain optimization. The deal underscores Steakholder’s ambition to diversify its digital printing capabilities beyond alternative proteins, fueling investor optimism about long-term value creation.