KPS to Acquire Tate & Lyle Plant-Based Ingredient Business Primient
In 2022, US investor KPS Capital Partners acquired a controlling interest in Tate & Lyle’s Primary Products business in North America. This led to the establishment of the independent plant-based ingredient business Primient. Now, Primient has announced that KPS will acquire the remainder of the company, bringing it into sole ownership. The transaction is expected to be completed by the end of July. Primient previously announced that it would make an “unprecedented” $700 million in capital investments over the next five years, with the aim of modernizing the business’ manufacturing footprint and encouraging growth. “Primient’s performance has exceeded our expectations, and this second investment represents KPS’ continued commitment to Primient, its customers, and employees,” said Michael Psaros, Co-Founder and Co-Managing Partner of KPS. “Under our …