Position as a global provider of sugar reduction and clean-label solutions strengthened by acquisition of stevia sweetener solutions business.
Tate & Lyle has announced the acquisition of Sweet Green Fields (SGF), a global stevia solutions business. The acquisition will bring forth a broad portfolio of SGF’s stevia products and an integrated supply chain to Tate & Lyle, including leaf sourcing, lead varietal development, agricultural programmes and manufacturing.
It will also strengthen Tate & Lyle’s positions as a provider of innovative sweetener solutions with the capabilities to create foods and beverages that are lower in sugar and calories, and with cleaner labels for consumers across the world. The acquisition further extends Tate & Lyle’s presence in the faster growing Asia-Pacific region with dedicated stevia production and R&D facilities located in Anji, China.
Tate & Lyle began its partnership with SGF in 2017, becoming the global distributor of the latter’s portfolio of stevia-based ingredients and solutions, and then acquired a 15% equity holding in SGF the following year. Tate & Lyle’s acquisition of the remaining shares of SGF simplifies the existing relationship by creating an integrated supply chain and commercial organisation, unified R&D capabilities, and combined strengths to accelerate innovation and optimise production technologies.
Nick Hampton, chief executive at Tate & Lyle, commented: “We’re delighted to take our relationship to the next level by bringing SGF into the Tate & Lyle family. This acquisition supports our strategy to grow our sweetener solutions portfolio and our purpose of Improving Lives for Generations by helping us to deliver tasty food and beverages with less sugar to consumers worldwide.”