US ingredients maker Ingredion has agreed to acquire Tate & Lyle in a deal valued at about $3.6 billion, consolidating two major players in the global food-ingredients market.
Building scale
The acquisition, announced in early June, expands Ingredion's offerings across specialty sweeteners, starches and texturisers used by food and beverage manufacturers worldwide. Combining the two businesses is expected to broaden the company's product range and customer reach.
Sector consolidation
The deal is part of a broader wave of M&A activity in 2026 as companies pursue scale and pricing power amid shifting consumer demand and input-cost pressures. Completion remains subject to customary approvals.
Sources: Intellizence, TeleGeography M&A roundup.