Completion of sale of interest in Mexican sugar business

| Filed in:

Tate & Lyle PLC announces that, following receipt of clearance under the Mexican Federal Economic Competition Law, the sale by its Mexican subsidiary (“Tate & Lyle Mexico”) of its 49% shareholding in Grupo Industrial Azucarero de Occidente, S.A. de C.V. (“Occidente”) to E D & F Man Holdings Limited has now completed.

The signing of the conditional agreement for the sale of Tate & Lyle Mexico’s interest in Occidente was announced on 8 October 2007. As previously announced, the consideration for the sale is US$93 million (£47 million). The consideration will be used to reduce Group debt.

For more information contact Tate & Lyle PLC:

Tim Lodge, Director of Investor Relations

Tel: 020 7626 6525 or Mobile: 07798 837317

Ferne Hudson, Head of Media and Public Relations

Tel: 020 7626 6525 or Mobile: 07713 067433

About Tate & Lyle:

Tate & Lyle is a world leading manufacturer of renewable food and industrial ingredients. It uses innovative technology to transform corn and sugar into value-added ingredients for customers in the food, beverage, pharmaceutical, cosmetic, paper, packaging and building industries. The Company is a leader in cereal sweeteners and starches, sugar refining, value added food and industrial ingredients, and citric acid. Tate & Lyle is the world number-one in industrial starches and is the sole manufacturer of SPLENDA® Sucralose.

Headquartered in London, Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. In the US its ADRs trade under TATYY. The Company operates more than 50 production facilities throughout Europe, the Americas and South East Asia. In the year to 31 March 2007, it employed 6,900 people in its subsidiaries with a further 2,300 employed in joint ventures. Sales in the year to 31 March 2007 totalled £4.0 billion. Additional information can be found on http://www.tateandlyle.com.

SPLENDA® is a trademark of McNeil Nutritionals, LLC

Click here for our press image gallery

About Tate & Lyle: 
Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, fortification, and texture, we develop ingredient solutions which reduce sugar, calories, and fat, add fibre and protein, and provide texture and stability in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings.

We have more than 3,500 employees working in around 57 locations across 39 countries. Science, Solutions, Society is our brand promise and how we will achieve our purpose of Transforming Lives Through the Science of Food. By living our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2023, Tate & Lyle revenue from continuing operations totalled £1.75 billion. For more information, please visit https://www.tateandlyle.com or follow Tate & Lyle on LinkedinX (Twitter)Facebook or YouTube