IHS Chemical Week

Markets :: Specialty Chemicals :: Food additives

Tate & Lyle May Sell Certain Assets

1:46 PM MDT | May 23, 2007 | Chemical Week Editorial Staff

Tate & Lyle (London) says it is in discussions with Syral (Marckolsheim, France), a producer of sweeteners, which may lead to the disposal of Tate & Lyle’s interest in certain operations of its Food & Industrial Ingredients business in Belgium, France, Italy, Spain, and the U.K. The operations mainly consists of commodity sweeteners and starches. Tate & Lyle says it expects about €293 million- €323 million ($397.8 million-$438.5 million) for the sale, before restructuring costs. The transaction is subject to antitrust approval, and...

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