Tate & Lyle to be bought by Illinois-based company for $5 billion

Ingredion Incorporated is making a major move in the global food ingredients market. The Westchester, Illinois-based company has announced plans to acquire London-based food science firm Tate & Lyle in a deal valued at about five billion dollars. Ingredion says the merger will combine complementary ingredient portfolios, technical expertise, and international supply networks. Company leaders say the goal is to better serve demand for nutritious, affordable food products across global markets. The acquisition is expected to strengthen Ingredion’s position in specialty ingredients and food innovation. The transaction is projected to close in late 2027, pending approvals and customary closing conditions.