Tag: Tate & Lyle

Tate & Lyle’s profits jump 6% buoyed by strong growth in Food & Beverage Solutions

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UK – UK -based food and beverage ingredient supplier Tate & Lyle has recorded a 6% jump in profit before tax for the year ending March 31st, the group has said in a recently released  statement. The rise in profits can be attributed strong growth recorded by Food & Beverage Solutions and a higher demand for the company’s new products. Tate and Lyle’s  Food & Beverage Solutions saw volumes rise 3% resulting in a 6% growth in revenues and a 12% jump in profits to £177m (US$250m). According to the…

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Tate & Lyle to sell Primary Products unit to enhance focus on its Food and Beverage Solutions

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UK – Tate & Lyle has confirmed its intentions to sell a controlling stake in its Primary Products unit to a new long-term financial partner, as it looks to focus on its Food and Beverage Solutions arm. The Telegraph, which first reported the potential sale, said that the auction could be worth up to £1.2bn (about US$1.45bn) adding that US private equity giants Apollo Global Management and Cerberus had held talks with Tate & Lyle over the sale. Historically known as one of Europe’s leading sugar producers, Tate & Lyle…

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Tate & Lyle exceeds 2020 environmental targets, embarks on achieving ambitious 2030 targets

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UK – Tate & Lyle PLC, a leading global food and beverage ingredient supplier, has announced announce that it has exceeded its 2020 environmental targets, set using a 2008 baseline.  In a statement, the company said that it was able to reduce scope 1 and 2 greenhouse gas (GHG) emissions, generated by on-site energy use, by 25% (an equivalent of the carbon captured by nearly 1 million acres of US forestry) against a target of 19%. Additionally, the company was able to reduce waste to landfill was by 37% (an…

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Tate & Lyle appoints new Inclusion Officer, launches platform to share stabiliser science expertise

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UK – Tate & Lyle PLC (Tate & Lyle), a leading global provider of food and beverage ingredients and solutions, has appointed Lauren von Stackelberg as its new Chief Equity, Diversity & Inclusion (EDI) Officer, effective 19 April 2021. In her new role, Lauren will lead the development of Tate & Lyle’s Equity, Diversity and Inclusion (EDI) strategy, policies, and programs aimed at creating a truly inclusive and diverse culture and workforce. According to a statement from Tate & Lyle, Lauren has a strong track record of leading and delivering…

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Global food ingredients company Tate & Lyle defies Covid-19 challenges to deliver strong Q3 results

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UK – British-headquartered, global supplier of food and beverage ingredients Tate & Lyle has rose above the challenges of the Covid-19 pandemic to deliver an impressive 8% growth in revenue for the three months ended 31 December 2020. The company in a statement attributed the 8% growth in revenue to a higher volume of trade, good prices, a mix management and continued growth from New Products. North America was the company’s most profitable market delivering a double-digit revenue growth. Tate & Lyle attributes this growth to good commercial performance, strong…

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Tate & Lyle unveils new tapioca-based thickening and gelling starches

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US — Tate & Lyle, a leading global provider of food and beverage solutions and ingredients, has expanded its portfolio of tapioca-based starches with the launch of new REZISTA® MAX thickening starches and BRIOGEL® gelling starches. In a statement, Tate & Lyle said the innovative tapioca starches will help food manufacturers deliver superior products thanks to their improved process tolerance, mouthfeel, fluidity and texture. The Ingredients supplier further noted that the new starches are suitable for use across dairy, soups, sauces and dressings, confectionery and more. “Tapioca starch provides some…

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Tate & Lyle expands sweetener portfolio through acquisition of stevia manufacturer Sweet Green Fields

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UK – Leading British ingredients company Tate & Lyle has fully acquired stevia producer Sweet Green Fields, culminating a three-year long relationship that started with a distribution agreement in 2017. London-based Tate & Lyle, which is well known for its sweeteners, has already dabbled successfully in stevia. Its Tasteva product features steviol glycoside Reb M, but this acquisition gives the company a wider array of offerings, which it can use to capture a larger share of a market that continues to expand and bolster its bottom line. Even without the…

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Tate & Lyle to acquire majority stake in Thai tapioca group Chaodee Modified Starch

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THAILAND – British-based supplier of food and beverage ingredients Tate & Lyle has agreed to acquire an 85% stake in Thailand-based tapioca ingredient manufacturer Chaodee Modified Starch for an undisclosed sum. Chaodee Modified Starch produces a range of tapioca modified food starch ingredients for a range of food and beverage applications. In addition to Tapioca/Cassava  Native Starch, Chaodee recently launched a brand new production line for Modified Tapioca/Cassava Starch, focused on the international food industry as an excellent gluten free , non GMO food alternative. Tate & Lyle, says that…

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Tate & Lyle launches new innovative sweetener solution design tools for low calorie food and drink

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UK — Tate & Lyle, a leading supplier of food and beverage ingredients and solutions, has launched a set of new and innovative sweetener solution design tools debut SWEETENER-VANTAGE Expert Systems, aimed to help formulators create sugar-reduced food and drink using low calorie sweeteners. The Expert Systems, according to the company comes with an education programme which will enable formulators to more efficiently solve their formulation challenges. It was developed in response to customer demand for more predictive tools to support product performance and reduce development time. The SWEETENER-VANTAGE suite…

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Global food ingredients supplier Tate & Lyle appoints Solevo exclusive distributor for West Africa

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WEST AFRICA – Food and beverage ingredients and solution provider, Tate & Lyle PLC, has entered into a distribution partnership with Solevo to expand its market presence in West Africa. SOLEVO is a leading blender, packer and distributor of agricultural and industrial inputs in Africa for over 70 years. In a press-release, Tate & Lyle announced that Solevo has become its exclusive distributor of ingredients in Ivory Coast, Senegal and Cameroon. Dominique Floch, Regional Sales & Technical Director, Turkey, Middle East and Africa, Tate & Lyle, said, “It’s very exciting…

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