Tate & Lyle makes equity investment in Sweet Green Fields

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Tate & Lyle PLC (Tate & Lyle), a leading global provider of food ingredients and solutions, has entered into an agreement to acquire a 15% equity holding in Sweet Green Fields, one of the largest privately held, fully integrated global stevia ingredient companies.

This builds on the agreement entered into by Tate & Lyle and Sweet Green Fields in April 2017 which saw Tate & Lyle become the exclusive global distributor of Sweet Green Fields’ portfolio of stevia-based ingredients.
 
Nick Hampton, Chief Executive, Tate & Lyle, said: “We are delighted to build an even closer partnership with Sweet Green Fields.  Their industry-leading portfolio of stevia-based ingredients is highly complementary to our portfolio of proprietary sugar reduction solutions, and the results from the first year of our global distribution partnership have been very encouraging.  We look forward to working together with the Sweet Green Fields team to deliver truly break-through, great tasting stevia products for our customers.”
 
Joan Braca, President, Food & Beverage Solutions at Tate & Lyle, said: “Our customers around the world are looking for great tasting, nutritionally balanced, and sustainable food products.  Our growing partnership with Sweet Green Fields will, through collaborative innovation and the diversification of our supply chain, help us meet those needs and make stevia sweeteners an integral part of our sweetener portfolio.”
 
Jingang (Jack) Shi, Chairman, Sweet Green Fields, said: “Sweet Green Fields continues to grow its business strongly, driven by our leading portfolio of stevia-based ingredients and solutions.  We are delighted to have the opportunity to strengthen our relationship with Tate & Lyle, and take our business to the next level of success.”
 
ENDS
 

For more information contact:

 

Christopher Marsh
Group VP, Investor Relations
Tate & Lyle PLC+44 (0)20 7257 2110
+44 (0)779 619 2688
[email protected]
 
Anna Taylor (Media)
Corporate PR Manager
Tate & Lyle PLC
+44 (0)20 7257 2209
+44 (0)776 636 1515
[email protected]
 
For more information about Sweet Green Fields contact:
 
Dean Francis
CEO Sweet Green Fields
+1 360 961 6489
[email protected]
 
About Sweet Green Fields
 
Sweet Green Fields USA LLC is one of the largest, privately held, fully integrated global stevia ingredient companies. It strives to provide natural sweetening solutions to inspire healthy living through its extraordinary-tasting stevia products.
 
Sweet Green Fields was established in 2007 and started by providing standard stevia extracts to the food and beverage industry. Today these extracts come as non-GMO Project Verified. In recent years Sweet Green Fields has created an innovative series of stevia extracts covering a wide range of customer application needs. Intesse Stevia™ is specifically created to deliver a clean and smooth sweet taste, especially at high concentration for food and beverages with deep sugar-reduction goals. The Optimizer Stevia™ series is an ideal replacement for standardised stevia extracts, allowing for better taste, higher solubility and lower cost in use. Also on offer are various stevia extracts containing Reb D, such as Dual and Omega, which are designed to meet particular customer preferences.
For more information, please visit https://sweetgreenfields.com/.

About Tate & Lyle: 
Tate & Lyle is a global provider of solutions and ingredients for food, beverage and industrial markets.

Tate & Lyle operates through two global divisions, Food & Beverage Solutions and Primary Products, supported by the Innovation and Commercial Development and Global Operations teams. Food & Beverage Solutions is focused on growth by building leading positions globally in the categories of beverages, dairy, and soups, sauces and dressings. Primary Products is focused on delivering steady earnings and generating cash.

Food & Beverage Solutions consists of: Texturants, including speciality starches and stabilisers; Sweeteners, including low- and no-calorie sweeteners; and a Health and Wellness portfolio comprising mainly speciality fibres.

Primary Products consists of high-volume sweeteners, industrial starches and fermentation products (primarily acidulants).  It also sells co-products from the corn milling process as animal nutrition.

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 2018, Tate & Lyle sales totalled £2.7 billion. For more information, please visit http://www.tateandlyle.com