Announced
Completed
Financials
Tags
food starch
Completed
Private
Cross Border
Majority
Friendly
Single Bidder
Thailand
Food Products
Acquisition
Synopsis
Tate & Lyle, a global provider of food and beverage ingredients and solutions, completed the acquisition of a 85% stake in Chaodee Modified Starch, a tapioca modified food starch manufacturer located in Thailand. Financial terms were not disclosed. "We are delighted to announce this investment to expand our tapioca offering and grow our texturant portfolio. CMS brings new tapioca capabilities, raw material sourcing expertise and additional production capacity to Tate & Lyle, and expands our presence in the higher growth Asia Pacific region," Nick Hampton, Tate & Lyle CEO.
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