Tate & Lyle Sold to Ingredion

Tate & Lyle, the UK sweetener giant, is set to be acquired by American rival Ingredion for £2.7 billion, valuing the company at £3.7 billion including debt. Ingredion is offering up to 615 pence per share, combining cash and dividends, in a deal aimed at boosting innovation and global scale. The move follows Tate & Lyle’s recent profit warnings and declining shares, driven by falling demand and rising costs. Once known for Golden Syrup, the company shifted focus after selling its sugar division in 2010, later acquiring another ingredients firm for £1.4 billion. Ingredion, with 12,000 employees worldwide, specializes in food, pharmaceutical, and industrial ingredients, expecting £97.5 million in annual savings by 2030. This deal is part of a broader trend of UK firms being bought by foreign buyers, including William Hill and Swedish lab testing firms.

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