10 February 2021, London, UK: Tate & Lyle PLC (Tate & Lyle), a leading global provider of food and beverage ingredients and solutions, announces that it has today completed the acquisition of an 85% shareholding in Chaodee Modified Starch Co., Ltd., a well-established tapioca modified food starch manufacturer located in Thailand. The signing of a conditional agreement for this acquisition was announced on 28 October 2020.
Nick Hampton, Chief Executive of Tate & Lyle, said:
“We are delighted to welcome our new colleagues to Tate & Lyle. This acquisition extends our presence in speciality tapioca-based texturants and allows us to offer a broader range of tapioca-based solutions to meet customers’ needs for better tasting and clean label foods. It also establishes a dedicated production facility in the main tapioca area of eastern Thailand and expands our manufacturing footprint in the higher growth Asia Pacific region.”
ENDS
Notes to editors
Read the initial announcement press release: Tate & Lyle to acquire tapioca business in Thailand – 28 October 2020
For more information contact
Anna Taylor-Elphick, Corporate PR Manager
Anna.taylor-elphick@tateandlyle.com / +44(0)7766361515
Christopher Marsh, VP, Investor Relations
Chris.marsh@tateandlyle.com / +44(0)7796 192 688
