Announced
Completed
Financials
Tags
Cross Border
nutritive sweeteners
Private
Food Products
Private Equity
Acquisition
Brazil
Friendly
Majority
Single Bidder
United States
Completed
Synopsis
KPS Capital Partners, an investment firm, completed the acquisition of the majority stake in the primary products business of Tate & Lyle, a British-headquartered, global supplier of food and beverage ingredients to industrial markets, for $1.7bn. The deal includes interests in Almidones Mexicanos, a food products producer, and DuPont Tate & Lyle Bio-Products joint ventures. "KPS is excited to make a controlling investment in the Primary Products Business and is honored to partner with Tate & Lyle. KPS and Tate & Lyle have complete alignment of interests and have cemented a partnership based on shared values such as the safety of our employees and a demonstrated commitment to sustainability," Michael Psaros, KPS Co-Founder and Co-Managing Partner.
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