INGREDION AGREES TO BUY TATE & LYLE FOR £2.7 BILLION

US food ingredients company Ingredion has agreed to acquire British rival Tate & Lyle in a deal valued at £2.7 billion. The transaction confirms a full takeover of the UK-based ingredients manufacturer. The deal brings together two significant players in the global food and beverage ingredients sector. Tate & Lyle has formally confirmed the agreement.

Tate & Lyle operates as a specialist food and beverage ingredients business, having previously divested its sugar operations. Ingredion is a US-headquartered company that supplies ingredient solutions to food and drink manufacturers worldwide. The £2.7 billion valuation places the transaction among the larger cross-border acquisitions in the food ingredients industry. Both companies serve overlapping customer bases across the global processed food and beverage markets.

The acquisition will combine the two companies' ingredient portfolios under Ingredion's ownership. The deal represents a consolidation move within the wider food ingredients sector, where manufacturers supply products such as sweeteners, fibres, and texture agents. Completion of the transaction remains subject to regulatory and shareholder approvals. No timeline for finalisation has been confirmed in the available source material.