Tate & Lyle Divests Starch

Syral (Marckolsheim, France), a subsidiary of Tereos (Lille, France), has agreed to acquire Tate & Lyle’s (London) European starch business for €310 million ($423 million). The deal is expected to close by September 30. The acquired business has production in Belgium, France, Italy, Spain, and the U.K., and generates sales of €520 million/year. Tate & Lyle announced earlier this year that it was in talks with Syral (CW, May 23, p...

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