Ingredion to buy Tate & Lyle for $5 billion
Ingredion announced a $5 billion acquisition of Tate & Lyle to expand its Texture & Healthful Solutions business, targeting over 50% of revenue from that segment.
Ingredion announced a $5 billion acquisition of Tate & Lyle to expand its high-margin Texture & Healthful Solutions business, with a target of more than 50% of revenue from the segment. It said recovery work is underway at the Argo facility, while Latin America remains a strong contributor despite recent disruptions. The business is p…