Ingredion to buy Tate & Lyle for £2.7bn; Chicago-based buyer eyes scale and supply chain gains, risking ~500 jobs. UK firm, long lauded for sweeteners, now snapped up amid soaring global M&A.
Ingredion has agreed to acquire Tate & Lyle for up to 615p per share, valuing the London-listed firm at about £2.7 billion (£3.7bn including debts). The deal could trigger material job reductions, with a review expected after completion in H2 2027. Tate & Lyle’s board says the offer crystallises value for shareholders.