Ingredion to Buy Tate & Lyle in $5 Billion Cash Deal
The acquisition aims to create a scaled global provider of specialty ingredient solutions by combining complementary portfolios and geographic networks.
Ingredion Incorporated (INGR) agreed to acquire Tate & Lyle PLC in an all-cash transaction with a total enterprise value of approximately £3.7 billion ($5.0 billion).
Under the terms of the agreement, Ingredion will pay 595 pence per share. This consideration represents an approximate 59% premium to the closing share price of Tate & Lyle as of May 13, 2026. The companies expect the transaction to close in the second half of 2027.
Ingredion said the acquisition is intended to create a scaled global provider of specialty ingredient solutions by combining complementary ingredient portfolios, technical expertise, and geographic supply networks to accelerate the company's ongoing transformation.
“Combining Ingredion and Tate & Lyle’s complementary portfolios establishes a global leader in ingredient solutions with the innovation expertise and geographic reach that will help create the future of food,” said Jim Zallie, chairman, president and CEO of Ingredion.
The deal follows a period of indicative offers and due diligence that began in May 2026. During those preliminary discussions, Ingredion noted that the potential transaction would deliver significant benefits to customers, consumers, employees, and shareholders.