Ingredion Announces $5B Cash Acquisition of UK’s Tate & Lyle
Global ingredients leader, Ingredion Incorporated (NYSE: INGR), has unveiled a landmark all-cash acquisition of British specialty ingredients manufacturer, Tate & Lyle PLC. The deal, valued at an estimated £3.7 billion ($5.0 billion), was announced on June 8, 2026, and has received unanimous approval from the boards of both companies. This acquisition is one of the most significant transactions in the global food ingredients sector this year.
As per the agreement, Tate & Lyle shareholders will receive 595 pence per share, a substantial 59% premium over the company’s closing price prior to the public disclosure of the takeover discussions. The merged entity is expected to have a market value of approximately $10 billion, solidifying its position as a global leader in specialty food and beverage ingredients, with a broad range of products including mouthfeel, sweetening, and nutritional fortification solutions.
James Zallie, CEO of Ingredion, highlighted the synergistic potential of the merger, as both companies have a shared expertise in assisting food and beverage brands adapt to the growing consumer demand for healthier and more sustainable products. The acquisition is projected to yield $130 million in annual net cost synergies by 2030 and will be adjusted EPS-accretive in its first year post-completion. The transaction is still subject to approval from regulators in both the U.S. and UK, with completion expected in the second half of 2027.
Source: Ingredion Investor Relations – Official Press Release