Tate & Lyle completes acquisition of tapioca business in Thailand

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Tate & Lyle announces that it has today completed the acquisition of an 85% shareholding in Chaodee Modified Starch Co., Ltd.

Gummy sweets

10 February 2021, London, UK: Tate & Lyle PLC (Tate & Lyle), a leading global provider of food and beverage ingredients and solutions, announces that it has today completed the acquisition of an 85% shareholding in Chaodee Modified Starch Co., Ltd., a well-established tapioca modified food starch manufacturer located in Thailand. The signing of a conditional agreement for this acquisition was announced on 28 October 2020.

Nick Hampton, Chief Executive of Tate & Lyle, said:

“We are delighted to welcome our new colleagues to Tate & Lyle. This acquisition extends our presence in speciality tapioca-based texturants and allows us to offer a broader range of tapioca-based solutions to meet customers’ needs for better tasting and clean label foods. It also establishes a dedicated production facility in the main tapioca area of eastern Thailand and expands our manufacturing footprint in the higher growth Asia Pacific region.”

ENDS
 

Notes to editors

Read the initial announcement press release: Tate & Lyle to acquire tapioca business in Thailand – 28 October 2020

For more information contact

Anna Taylor-Elphick, Corporate PR Manager
[email protected] / +44(0)7766361515

Christopher Marsh, VP, Investor Relations
[email protected] / +44(0)7796 192 688

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About Tate & Lyle PLC:  

Supported by our 165-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 and solutions every day.  

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

Tate & Lyle recently acquired CP Kelco, a leading provider of pectin, speciality gums and other nature-based ingredients to create a leader in mouthfeel, significantly enhancing our solutions capabilities. Following this combination, we now have more than 5,000 employees working in around 75 locations in 39 countries, serving customers in more than 120 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. For the year ended 31 March 2024, and on a pro forma basis which assumes for illustrative purposes that the combination with CP Kelco took place on 1 April 2023, revenue for the enlarged Tate & Lyle Group would have been £2.25 billion. For more information, please visit www.tateandlyle.com or follow Tate & Lyle on LinkedIn, X (Twitter), Facebook or YouTube