Tate & Lyle Acquired by Ingredion | Manufacturing M&A Deal

Ingredion has made an offer to acquire Tate & Lyle, a food beverage manufacturing business in the UK, for $3.7 billion. Tate & Lyle supplies sweeteners and clean-label ingredients, supporting formulation needs across nutrition, mouthfeel, and texture for food and beverage manufacturers. Ingredion acquisitions aim to strengthen its texture and mouthfeel capabilities while expanding sweeteners such as stevia and sucralose, with the combined platform positioned to serve demand for healthier snack ingredients. The proposed merger acquisition is a strategic acquisition by Ingredion, with Tate & Lyle stating the bid would be up to 615 pence per share and subject to U.K. process timing for a formal offer by June 11.