The global food and beverage ingredients supplier company Tate & Lyle, has signed an agreement to acquire an 85% shareholding in Thailand based Chaodee Modified Starch Co., Ltd. (CMS), a well-established tapioca modified food starch manufacturer. The transaction will enable Tate & Lyle to offer a broader range of tapioca-based solutions to meet customers needs for better tasting and clean label foods in categories including dairy, bakery, snacks, noodles and soup, sauces and dressings.
- This investment extends Tate & Lyles presence in speciality tapioca-based texturants and establishes a dedicated production facility in the main tapioca region of eastern Thailand.
- Tate & Lyle intends to invest in the facility over the next three years to increase significantly capacity for higher functionality starches. The CMS facility will be supplied with substrate by a co-located tapioca starch mill fully owned and operated by Tate & Lyles partner.
In June 2020, Tate & Lyle PLC, and Solevo, a leading distributor of chemicals and inputs for specific industrial and agricultural segments in Africa, announced a new distribution partnership. Solevo has become the exclusive distributor of Tate & Lyles ingredients in West African countries including Ivory Coast, Senegal and Cameroon.
In June 2020, Tate & Lyle PLC, announced a US$75 million investment in a new natural gas-fired combined heat and power system to deliver significant environmental and economic benefits at its Lafayette South corn wet milling facility in Lafayette, Indiana, US.
In Feb 2020, Zymtronix, developer of revolutionary enzyme immobilization technologies, and Tate & Lyle PLC announced a new partnership. This partnership includes an investment by Tate & Lyle in Zymtronixs cutting edge enzyme immobilization platform that will enable the US-based company to drastically scale up its production.
About Tate & Lyle
Tate & Lyle, headquartered in London, United Kingdom, is a global provider of solutions and ingredients for food, beverage and industrial markets. The company operates through two global divisions, Food & Beverage Solutions and Primary Products. The companys Food & Beverage Solutions is focused on growth by building leading positions globally in the categories of beverages, dairy, and soups, sauces and dressings.