Ingredion Acquires Tate & Lyle to Expand Healthful Solutions Portfolio
Ingredion has agreed to acquire Tate & Lyle for $3.6 billion, aiming to strengthen its position in the reformulation boom driven by consumer demand for healthier food products with improved taste and texture. The deal is expected to close in late 2027 and will expand Ingredion's healthful solutions segment from one-third of its portfolio to over half. CEO Jim Zallie emphasized that Tate & Lyle’s expertise in texture, fiber fortification, and sugar reduction complements Ingredion’s innovation strategy. The acquisition is projected to boost Ingredion’s revenue from $7.2 billion today to around $10 billion post-transaction. It also aims to provide supply redundancies amid global uncertainties like tariffs. Tate & Lyle will enhance Ingredion's ability to deliver multi-textural food experiences, a growing trend in the industry. Ingredion has previously expanded through acquisitions such as PureCircle and KaTech. The company’s texture and healthful solutions segment saw 5% sales growth in Q2, marking nine consecutive quarters of expansion.
Tickers: $INGR
Topics: acquisitions food industry health and wellness reformulation trends