Tate & Lyle Announces Price Increases on Its Food & Beverage Solutions Products in North America
CHICAGO, Sept. 6, 2019 /CNW/ -- Tate & Lyle, a leading global provider of food and beverage ingredients and solutions, announces that effective October 1, 2019 or as contracts allow, the Food & Beverage Solutions business in North America will implement price increases of up to 12% on specialty food starches, fibres, specialty and high intensity sweeteners, and stabilization and functional systems.
These adjustments are required following increase in costs to produce the affected products.
Customers should contact their Tate & Lyle account manager for further details.
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; Sweeteners, including low- and no-calorie sweeteners; and a Health and Wellness portfolio comprising mainly speciality fibres; and Stabilisers and Functional Systems, which are bespoke ingredient blends that ensure foods retain their structure.
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 2019, Tate & Lyle sales totalled £2.8 billion. For more information, please visit http://www.tateandlyle.com
For more information contact Tate & Lyle PLC:
Christopher Marsh, VP Investor Relations
Tel: +44(0)20-7257-2110 or Mobile: +44(0)7796-192-688
Nick Hasell, FTI Consulting (Media)
Tel: +44(0)20-3727-1234 or Mobile: +44(0)7825-523-383
SOURCE Tate & Lyle PLC
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