Tate & Lyle plc

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Tate and Lyle specialises in the development and manufacture of industrial foods and ingredients based on renewable elements (eg. corn and tapioca) which add taste and texture to food and beverages. The company sells its products worldwide, and is based in the UK. Product sales break down into:

  • 61.8%: Primary products: animal nutrition products, sweeteners (dextrose, corn syrup, etc.), industrial starch, citric acid, etc.;
  • 32.3%: Food and beverage ingredients: specialty starches, soluble corn fiber, crystalline fructose, polydextrose, etc.;
  • 5.9%: Sucralose.

Two business divisions:

  1. Food & Beverage Solutions (including Sucralose) previously Speciality Food Ingredients
  2. Primary Products, previously Bulk Ingredients

Company

Shareholders

Total float: 97.8%
Source: MarketScreener.svg, Mar.2020

Subsidiaries

Timelines

  • Nov.2015: Archer-Daniels-Midland Company announced the completion of the purchase of certain assets of Eaststarch CV, ADM’s 50/50 joint venture with Tate & Lyle.ref ADM acquired Tate & Lyle's shares in Eaststarch CV, thereby acquiring a 50% share in Hungrana, with Agrana holding the other 50%.ref
  • 2010: Tate & Lyle sold its EU sugar business, including the Lyle’s Golden Syrup brand, to American Sugar Refining Inc, and ended its long association with refined sugar production.ref https://en.wikipedia.org/wiki/American Sugar RefiningWikipedia-W.svg, Website
  • 2004: Amylum was acquired by Tate & Lyle and Eaststarch CV, acquiring 50% of Hungrana’s shares between them.ref
  • 1993/1994: Hungary's Hungrana Kft's maize starch and isoglucose factory was privatised, and sold to Agrana and Amylum.ref
  • 1992: Eaststarch CV, a 50/50 joint venture between Archer-Daniels-Midland Company and Tate & Lyle, was formed. It owned 3 corn wet mills Slovakia, Bulgaria and Turkey, and 50% of a mill in Hungary. The venture deals primarily in corn sweeteners and starches.ref
  • 1976: Amylum: Tate & Lyle acquired a stake; doubled it in 1988; and acquired the remaining minority interest in 2000.ref
  • 1921: Rival businesses, Henry Tate & Sons and Abram Lyle & Sons merged, between them refining around 50% of the UK’s sugar.
Sources: History

ToDo: History