Ingredion to acquire Tate & Lyle for £3.7B
In Illinois, specialty ingredients maker Ingredion has announced a recommended all-cash offer to acquire Tate & Lyle PLC for £3.7 billion (US$5.0 billion). The deal would create an ingredients giant across food, beverage and industrial applications with approximately $10 billion in annual sales.
“Combining Ingredion and Tate & Lyle’s complementary portfolios establishes a global leader in ingredient solutions with the innovation expertise and geographic reach that will help create the future of food,” said Jim Zallie, chairman, president and CEO of Ingredion. “The combined business will be better positioned to serve customers’ needs for the development of great-tasting, healthier and affordable food products that consumers demand. This compelling combination will create exciting new possibilities for employees and generate significant value for all stakeholders.”
In addition to food ingredients, both companies produce plant-based solutions for personal care, home care, agriculture, and packaging. David Hearn, chair of Tate & Lyle, said Ingredion’s offer represents an attractive opportunity for Tate & Lyle shareholders to “crystalize” value in cash. The deal is expected to close in the second half of 2027.
Category: Chemicals & Materials
