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INGREDION WILL BUY UK'S TATE & LYLE FOR $3.6 BILLION

  • NEWS Desk Global
  • 1 day ago
  • 1 min read

U.S. group Ingredion has struck ‌a deal to buy Britain's Tate & Lyle for £2.7 billion ($3.6 billion) in cash to create a leading speciality food and beverage ingredients company.

The deal underscores how food companies are reshaping portfolios to tap demand for ​lower-sugar, higher-protein and functional products with added health and nutrition benefits, even as weak ​consumer sentiment weighs on near-term growth.

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