ATLANTA (Nov. 15, 2024) – Today, Tate & Lyle PLC (Tate & Lyle), a global leader in sweetening, mouthfeel and fortification, announced the successful completion of its acquisition of CP Kelco from J.M. Huber Corporation (Huber).

The combination of CP Kelco and Tate & Lyle brings together CP Kelco’s nature-based, specialty ingredient solutions for stabilization and texture with Tate & Lyle’s expertise across its three core platforms of sweetening, mouthfeel, and fortification. This combination enhances both companies’ capabilities across a range of product categories, unlocking significant growth potential. Beyond food and beverage, CP Kelco’s expertise in consumer care and industrial applications provides the combined company with the potential to reach into additional, attractive end-markets.

Under the terms of the combination, Huber is now a shareholder with about 16% ownership in Tate & Lyle and currently holds two seats on its Board of Directors.

For more information about the combination, click here.

About CP Kelco

CP Kelco is a nature-based ingredient solutions company with approximately 90 years of experience working with food, beverage, consumer and industrial products manufacturers worldwide. It produces an extensive range of high-quality, plant-based and fermentation-derived ingredients to provide tailored solutions for its customers.

It is committed to providing responsibly sourced and produced ingredients for its customers with whom it collaborates closely through a global team of scientists and applications experts. Key products include pectin, carrageenan, gellan gum, xanthan gum, diutan gum, fermentation-derived cellulose, refined locust bean gum, microparticulated whey protein concentrate and citrus fibre.

CP Kelco has a strong global talent base of around 1,700 employees working out of seven manufacturing facilities, two global innovation centres and nine regional application centres. The business is headquartered in Atlanta, Georgia, US. CP Kelco is committed to safety, quality and sustainability, and to deliver a positive social impact.

About Tate & Lyle: 

Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, fortification, and texture, we develop ingredient solutions which reduce sugar, calories, and fat, add fibre and protein, and provide texture and stability in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings.

We have more than 3,300 employees working in around 58 locations serving customers across 121 countries. Science, Solutions, Society is our brand promise and how we will achieve our purpose of Transforming Lives Through the Science of Food. By living our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2024, Tate & Lyle revenue from continuing operations totalled £1.65 billion.

Tate & Lyle PLC’s LEI number is: 2138008K14474WPKZ244.

For more information, please visit https://www.tateandlyle.com or follow Tate & Lyle on LinkedIn, X (Twitter), Facebook or YouTube.

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