US group Ingredion has struck a deal to buy Britain’s Tate & Lyle for \u00a32.7 billion in cash to create a leading speciality food and beverage ingredients company.<\/p>\n
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.<\/p>\n
Tate & Lyle shareholders will receive 595 pence per share in cash, a premium of nearly 59% to the last closing before talks were disclosed in mid-May, plus 20 pence in dividends.<\/p>\n
The deal values the British group at \u00a33.8 billion including debt.<\/p>\n
Tate & Lyle shares, up more than 30% since the talks became public, were up 12.7% to 554 pence this morning. The deal will end Tate & Lyle’s 87-year listing in London, marking another loss of a household name for the UK market.<\/p>\n
A wave of foreign bids has put Britain on track for a record year for dealmaking in 2026, with buyers attracted in part by comparatively cheap UK valuations.<\/p>\n
Tate & Lyle, which started as a sugar refinery in the 1850s, sold its eponymous sugar brand in 2010 to ASR to focus on sweeteners such as the zero-calorie Splenda brand used by Coca-Cola. Its 2024 acquisition of CP Kelco expanded it into plant-based ingredients.<\/p>\n
Combined with Ingredion, the business will be worth about $9.9 billion and focus on ingredients that improve texture, cut sugar and boost nutrients, as food makers target demand for flavour and fibre, including amid the rise of GLP-1 weight-loss drugs.<\/p>\n
Ingredion makes sweeteners and starches, as well as ingredients used in paper, cosmetics and pharmaceuticals.<\/p>\n
In 2024, private equity firm Advent International was reported to be preparing a takeover bid for Tate & Lyle, but no offer materialised.<\/p>\n","protected":false},"excerpt":{"rendered":"US group Ingredion has struck a deal to buy Britain’s Tate & Lyle for \u00a32.7 billion in cash…\n","protected":false},"author":2,"featured_media":489249,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-489248","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/489248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=489248"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/489248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/489249"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=489248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=489248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=489248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}