Tate & Lyle PLC - Disposal of Corn Wet Mill in Morocco

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Confirmation of disposal of Corn Wet Mill in, Casablanca, Morocco.

Tate & Lyle PLC (Tate & Lyle) announces it has signed an agreement to sell its small, wholly owned corn wet mill in Casablanca, Morocco to Archer Daniels Midland Company.  The corn wet mill produces bulk ingredient products.  Completion is conditional upon regulatory clearance which is expected in the first half of the 2016 calendar year. 

The sale represents another step in focusing Tate & Lyle’s business in Europe, Middle East and Africa on Speciality Food Ingredients.

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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 LinkedinX (Twitter)Facebook or YouTube