KPS Capital Partners completed the acquisition of the remaining 49.7% stake in Primient from Tate & Lyle for $350m.

KPS Capital Partners, an American investment company, completed the acquisition of the remaining 49.7% stake in Primient, a food and industrial ingredients producer, from Tate & Lyle, a food and beverage products supplier, for $350m. "Primient's performance has exceeded our expectations, and this second investment represents KPS' continued commitment to Primient, its customers and employees. Under our ownership, Primient will continue to modernize its operations, supporting growth initiatives and industry-leading sustainability practices. We intend to make further strategic investments to strengthen Primient's role within the corn wet milling industry and the broader bioeconomy," Michael Psaros, KPS Capital Partners Co-Founder and Co-Managing Partner.