Global renewable ingredients company Tate & Lyle has bought leading South African food ingredients company Dolcré. The acquisition brings together the strengths of a global brand and a strong heritage in ingredient manufacturing with the local expertise of an ingredient solutions company in South Africa. Dolcré will begin a re-branding process to change its name to Tate & Lyle South Africa, and will trade under the Tate & Lyle brand. Dolcré has been buying ingredients and delivering tailor-made food systems to the South African market for the last eight years. The largest importer of fructose and sole distributor of SPLENDA® Sucralose in South Africa, Dolcré has gone from strength to strength since it was founded in 1996 as a food ingredient distributor. Dolcré’s ingredient portfolio also includes modified starches, sweeteners, pectins, maltodextrins, fat replacers, flavours and neutraceuticals.
Building on these distribution skills, Dolcré has utilised in-house technological expertise to package blends and ingredient solutions for large and medium sized companies, including several multinationals. Supported by in-house R&D laboratories and technical teams, Dolcré assists with product formulation and new product development.
Tate & Lyle bought a 20% stake in Dolcré in 1998. Recognizing Dolcré’s strong performance and collaborative approach to customers as having an excellent fit with Tate & Lyle’s food ingredient solutions business, the Group recently bought the remaining 80% stake. Net assets acquired totalled £1.4 million.
“Dolcré’s approach to working in partnership was an ideal fit with Tate & Lyle’s new customer-focused vision,” said Stanley Musesengwa, Tate & Lyle’s Chief Operating Officer. “We look forward to building on Dolcré’s excellent reputation for customer service and bringing Tate & Lyle’s ingredient expertise to the table. Tate & Lyle and Dolcré enjoy a unique fit, sharing the same customer base and having played an important part in each other’s business in South Africa for some time.”
Diederick Reid, Dolcré’s Managing Director, now Managing Director, Tate & Lyle Food & Industrial Ingredients, South Africa welcomes the change: “We have worked with Tate & Lyle for some years now as customer and partner, and have a shared approach to offering customers ingredient solutions tailored to their specific needs. Tate & Lyle has a strong brand presence across the world and at Dolcré we are very proud to become part of Tate & Lyle.”
The new identity will be rolled out over the next year.
SPLENDA® is a trademark of McNeil Nutritionals, LLC
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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 Linkedin, X (Twitter), Facebook or YouTube.
