Tate & Lyle, the British-founded sweetener and ingredients firm, has agreed to be taken over by Ingredion, a US-based company, for approximately £2.7 billion. This acquisition marks the latest full takeover of a UK company by a US rival.
The company sold its sugar division, including its Golden Syrup factory in London, to a US firm in 2010. The Ingredion buyout now completes the transition of Tate & Lyle from a historic British brand to American ownership.
Timeline of Tate & Lyle's History
From its 19th-century roots in Liverpool to its gradual concession to US rivals, here is a timeline of key events:
—
- 19th Century: Tate & Lyle begins its journey in Liverpool, establishing itself as a major sugar refiner.
- 2010: Tate sells its sugar division, including the iconic Golden Syrup factory in London, to a US company.
- 2026: Tate & Lyle agrees to a £2.7 billion takeover by Ingredion, a US-based ingredients firm.
The takeover highlights the ongoing trend of British companies being acquired by larger US competitors, reshaping the landscape of the food ingredients industry.
