Tate & Lyle to acquire CP Kelco from J.M. Huber for $1.8bn.

Tate & Lyle, a food and beverage products supplier, agreed to acquire CP Kelco, a nature-based ingredient solutions company, from J.M. Huber, a provider of diversified, multinational company creates products that are used in a broad range of consumer and industrial applications, for $1.8bn. “A combination with CP Kelco is the perfect fit with Tate & Lyle’s growth-focused strategy and purpose. It significantly strengthens our Sweetening, Mouthfeel and Fortification platforms, enhances our solutions capabilities across our four core categories, and unlocks new growth opportunities. Together, we will have a compelling customer proposition. With our leading portfolio of speciality ingredients and a world-class team of food science experts, we will be uniquely placed to provide our customers with the solutions they need to meet growing consumer demand for healthier, tastier and more sustainable food and drink," Nick Hampton, Tate & Lyle Chief Executive.