In a strategic move that will reshape the specialty ingredients industry, CP Kelco, a global leader in natural ingredient solutions, is all set to partner with renowned food and beverage solutions provider, Tate & Lyle.
The specialty ingredients sector within the food and beverage industry is a dynamic and competitive space, led by major food industry players such as Ingredion, Cargill, ADM and DuPont.
These leading companies face challenges around the world, from growing consumer demand for clean label, plant-based products and functional ingredients, to sustainability and regulatory compliance, supply chain disruptions and fluctuating raw material costs.
Innovation remains key, with significant investments in research and development to develop new ingredients that meet health, texture and flavour demands, and consolidation through mergers and acquisitions to strengthen companies' product portfolios and global reach.
As a result, CP Kelco and Tate & Lyle are combining to leverage the strengths of each company, combining CP Kelco's expertise in natural ingredients with Tate & Lyle's strong position in the food and beverage industry.
What are CP Kelco and Tate & Lyle hoping to achieve by merging?
The merger aims to combine the expertise of both companies to capture a larger market share and reshape market dynamics by setting new standards of innovation and sustainability in the sector, creating a global leader in specialized food and beverage solutions.
