Lantmännen completed the acquisition of oats business of Tate & Lyle.

Lantmännen, which operates as an agricultural cooperative, completed its acquisition of oats business of Tate & Lyle, the holding company for an international group of companies that produces and markets ingredients and solutions for the food, beverage, industrials and agriculture industries around the world. Financial terms were not disclosed. For Lantmännen, the acquisition represents another step in its focus on refinement and increased production capacity of oat. "We are pleased to reach this agreement with Lantmännen which represents a good outcome for our oat ingredient employees and customers, and enables us to focus our business on serving our customers in our main food and beverage categories. We wish Lantmännen and its employees every success for the future," Joan Braca, Tate & Lyle President, Food & Beverage Solutions.