Ingredion Made Offer to Acquire Tate & Lyle

Ingredion has made a USD3.71bn acquisition proposal for rival ingredients supplier Tate & Lyle, the two companies confirmed on May 14.

Ingredion said discussions and due diligence are ongoing, although no binding agreement has yet been reached. Under UK takeover rules, the US-based ingredients company must either make a formal offer or withdraw its interest by June 11, unless the deadline is extended.

Tate & Lyle confirmed that Ingredion had previously approached the company regarding a potential transaction and said discussions between the two parties are continuing.

The proposed deal would combine two major ingredient suppliers serving the global food and beverage sector. Ingredion reported sales of USD7.22bn for the fiscal year ended Dec. 31, 2025, while Tate & Lyle recorded revenue of GDP2.12bn for the fiscal year ended March 31, 2025. Tate & Lyle is scheduled to release its fiscal 2026 full-year results on May 21.