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Tate & Lyle to Acquire German Stabilizer System Business

1:33 PM MDT | July 24, 2007 | Kate Phillips

Tate & Lyle (London) says it has agreed to purchase an 80% interest in privately owned G.C. Hahn & Co (Lübeck, Germany), a manufacturer of food stabilizer systems, for €116 million ($157 million). The deal is expected to be finalized by May 31, pending German antitrust approval, Tate & Lyle says. Hahn will retain the remaining 20% interest. The agreement gives Tate & Lyle the option to purchase the outstanding shares over time, Tate & Lyle says. New recipe: Expand marketing presence and complement existing businesses. “The...

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