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Tate & Lyle has completed the $1.8 billion acquisition of CP Kelco from JM Huber Corporation.

The deal, first announced on 20 June 2024, includes CP Kelco’s operations in the US, China and Denmark, expanding Tate & Lyle’s capabilities in nature-based ingredients for the food and beverage industry.

The acquisition strengthens Tate & Lyle's position in key areas such as sweetening, mouthfeel and fortification, aligning with rising consumer demand for healthier, more sustainable products.

Nick Hampton, CEO of Tate & Lyle, commented: “...as we complete the combination with CP Kelco, we begin a new chapter in Tate & Lyle’s long and rich history". 

"We are delighted to welcome our new colleagues from CP Kelco, as well as its customers and partners to Tate & Lyle. This is an exciting time for both businesses as we come together to create a new and compelling proposition for our customers. With its unique portfolio of ingredients and solutions capabilities, and leading positions across sweetening, mouthfeel and fortification, the combined business is perfectly positioned to support customers as they look to meet growing global consumer demand for healthier, tastier and more sustainable food and drink."

As part of the deal, Tate & Lyle appointed Huber's EVP and CFO, Glenn M Fish, and EVP of general counsel and corporate secretary, Cláudia Vaz de Lestapis, to its board. The company also issued 75 million new ordinary shares to Huber, making it a significant long-term shareholder with approximately 16% of Tate & Lyle’s share capital.

#TateandLyle #CPKelco