Umami Bioworks and Shiok Meats, both Singapore-based companies in the cellular agriculture sector, announced a merger on March 18, 2024 to combine their technologies and accelerate research into sustainable seafood products.

Deal-at-a-Glance
Acquirer:Umami Bioworks (SG)
Target:Shiok Meats (SG)
Deal value:Undisclosed
Type:Mergers & Acquisitions
Closing date:March 18, 2024
Buy-side advisors:Not disclosed
Sell-side advisors:Not disclosed
Legal buy-side:Not disclosed
Legal sell-side:Not disclosed

The merger aims to integrate UMAMI’s advanced technologies for continuous biomanufacturing and machine learning-based automation with Shiok Meats’ pioneering work on cell-grown crustacean products.

Strategic Rationale

By joining forces, the companies aim to accelerate their research and development of sustainable seafood alternatives. The combined entity will leverage UMAMI’s platform technologies alongside Shiok Meats’ expertise in creating animal-free shrimp and other crustaceans, targeting both environmental sustainability and food security.

Financial Context

The financial details of the deal were not disclosed by either company. However, this strategic merger underscores a growing trend among cellular agriculture firms to consolidate resources and accelerate product development timelines.

No specific key terms or conditions were announced as part of the transaction.