WESTCHESTER, ILL. – Ingredion Inc. is acquiring Tate & Lyle PLC for approximately £2.7 billion ($3.6 billion). The acquisition will broaden Ingredion’s capabilities across texturants, sugar reduction and fortification, according to the company.
“Combining Ingredion and Tate & Lyle’s complementary portfolios establishes a global leader in ingredient solutions with the innovation expertise and geographic reach that will help create the future of food,” said James P. Zallie, chairman, president and chief executive officer of Ingredion. “The combined business will be better positioned to serve customers’ needs for the development of great-tasting, healthier and affordable food products that consumers demand. This compelling combination will create exciting new possibilities for employees and generate significant value for all stakeholders.”
Ingredion’s offer to acquire Tate & Lyle became public on May 14.
“Over the last few years, Tate & Lyle has been successfully repositioned as a leading global specialty food and beverage solutions business aligned to growing consumer demand for healthier, more nutritious and sustainable food and drink,” said David Hearn, chair of Tate & Lyle’s board of directors. “Looking forward, we believe the next chapter with Ingredion will create a business with even greater potential, greater scale, and increased investment in innovation in support of customers.”
Once the transaction is complete, the combined companies will have sales nearing $10 billion.
For its fiscal year that ended March 31, Tate & Lyle had sales of £2 billion, down 3% from fiscal 2025. The Americas region represents the company’s largest market, with sales of approximately £995 million. Tate & Lyle has more than 30 manufacturing sites around the world and employs more than 5,000.
For the year ended Dec. 31, 2025, Ingredion had sales of $7.2 billion, down 3% from fiscal 2024 when company sales were $7.4 billion. The company has 41 manufacturing sites around the world.
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