Tate & Lyle acquire the entire issued share capital of CP Kelco, a provider of pectin, speciality gums and other nature-based ingredients, from J.M. Huber Corporation for a total implied consideration of US$1.8 billion.
Over the last six years, Tate & Lyle has been executing a major strategic transformation to become a growth-focused speciality food and beverage solutions business aligned to attractive structural and growing consumer trends for healthier, tastier and more sustainable food and drink. The proposed transaction significantly accelerates Tate & Lyle’s strategy to be a leading and differentiated speciality food and beverage solutions business.
