**History and Evolution**:
– Tate & Lyle was formed in 1921 from the merger of two sugar refiners, Henry Tate and Abram Lyle.
– The company introduced its Mr Cube brand in 1949.
– Tate & Lyle diversified into commodity trading, transport, and engineering.
– Acquisitions included Manbré & Garton, Amylum, A. E. Staley, Haarmann & Reimer, and Nutriati.
– In 2010, Tate & Lyle sold its sugar refining business to American Sugar Refining.
– Recent developments include the appointment of Nick Hampton as CEO in 2018 and a rebranding in 2023.
**Business Expansion and Diversification**:
– Tate & Lyle acquired various companies to diversify its portfolio, such as Haarmann & Reimer and Nutriati.
– Joint ventures were established with DuPont and for bio-materials.
– The company sold European starch and alcohol plants to Syral in 2007.
– Operations are organized into Sweeteners, Texturants, Health and wellness ingredients, Stabilisers, and functional systems.
– Tate & Lyle spun off its Primary Products into a new company in 2021.
**Acquisitions and Sales**:
– Tate & Lyle made significant acquisitions in food thickening agents, natural sweeteners, and global food thickener companies.
– The company sold its historic sugar business and sugar arm to American Sugar Refining.
– Tate & Lyle acquired a company specializing in edible thickeners.
– Quantum Hi-Tech Biological was acquired for $237m.
– KPS Capital Partners acquired a controlling stake in Tate & Lyle’s primary products business.
**Legal and Ethical Issues**:
– Tate & Lyle faced legal challenges, including an ITC sugar substitute case and union-busting activities in Decatur, Illinois.
– Competition Commission reports were published in 1987 and 1991 regarding Tate & Lyle.
– The company was involved in legal cases related to sugar substitutes and American labor movements.
**Further Reading and Resources**:
– Books like ‘Staley: The Fight For A New American Labor Movement’ and ‘Sugar and All That… A History of Tate & Lyle’ provide additional insights.
– Competition Commission reports on Tate & Lyle offer detailed information.
– ‘The Sugar Girls’ is another resource related to the company’s history.
– Wikimedia Commons has media related to Tate & Lyle for visual references.
Tate & Lyle PLC is a British-headquartered, global supplier of food and beverage products to food and industrial markets. It was originally a sugar refining business, but from the 1970s, it began to diversify, eventually divesting its sugar business in 2010. It specialises in turning raw materials such as corn and tapioca into ingredients that add taste, texture, and nutrients to food and beverages. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Company type | Public limited company |
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Industry | Food processing |
Founded | Merger of Henry Tate & Sons (established 1859) and Abram Lyle & Sons (established 1887) in 1921 |
Headquarters | London, England, UK |
Key people |
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Products | |
Revenue | £1.751 billion (2023) |
£196 million (2023) | |
£190 million (2023) | |
Number of employees | 3,572 (2023) |
Website | www |