Ingredion to acquire Tate & Lyle for £2.7 billion

In a major move for the global food ingredients sector, the historic British company Tate & Lyle has agreed to be acquired by its U.S. rival, Ingredion Incorporated, for approximately 2.7 billion pounds. The deal, announced on Monday, June 8, 2026, marks the latest in a recent wave of foreign takeovers targeting UK-listed firms.

Under the agreed terms, Illinois-based Ingredion will pay up to 615 pence per share for London-listed Tate & Lyle, which includes 595 pence in cash and dividend payments. The transaction values Tate & Lyle at 2.7 billion pounds, or 3.7 billion pounds including debt, following several earlier proposals from the American suitor. The Tate & Lyle board has unanimously recommended the offer to shareholders.

The acquisition comes after a challenging period for the 165-year-old British firm. Tate & Lyle's shares have been under pressure, with the company warning over full-year profits last October and reporting a 10 percent drop in first-half profits in November. In announcing the deal, the company stated that over the last year, the operating environment for ingredients companies and their customers has deteriorated, with consumer sentiment weakening across...