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Food Ingredients
Tate & Lyle to acquire food ingredients maker CP Kelco
by Michael McCoy
June 29, 2024
| A version of this story appeared in
Volume 102, Issue 20
The British food ingredient maker Tate & Lyle has agreed to acquire CP Kelco, a producer of pectin, natural gums, and other food ingredients, in a transaction valued at about $1.8 billion. The seller is family-owned J.M. Huber, which acquired Kelco about 20 years ago. Huber will become a 16% shareholder in the enlarged Tate & Lyle. Kelco’s annual sales of about $770 million will boost Tate & Lyle’s revenues by almost 40%. Tate & Lyle says Kelco’s products, which enhance mouth feel, will complement the sugars and starches in its portfolio.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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