Israel-based Ever After Foods acquired Belgian cell-based seafood company Fishway. The acquisition brings Fishway's fish cell lines and culture media technologies into Ever After Foods, with the company aiming to develop cultured proteins for premium pet food as its initial commercial program. The acquisition price was not disclosed.
Israel-based cell-based food company Ever After Foods announced that it had acquired Belgian cell-based seafood company Fishway. The financial terms of the acquisition were not disclosed. Based on a press release, this article was researched and written by Foovo. Fishway's technology and personnel will be added to Ever After Foods' integrated platform. Ever After Foods is building a cultured protein production platform that is not limited to any particular animal species.
Founded in 2022, Fishway holds 4 fish cell lines. The acquisition adds to Ever After Foods' technology and expertise in fish cell lines and animal-origin-free culture media, while Fishway's Belgian facility will retain its role as the European base for fish cell and culture media development.
The company plans to focus initially after the acquisition on developing cultured proteins for premium pet food, and Ever After Foods secured $2 million in additional investment alongside the acquisition. The funding is intended to expand the development pipeline, including multiple fish species, and accelerate commercialization.
The cell-based food industry has seen a succession of company closures and restructurings in recent years, but Ever After Foods aims to accelerate integration and commercialization by bringing in Fishway's technology and personnel. The article summarizes and reports the contents of the press release.