Two female entrepreneurs are taking down sugar with revolutionary monk fruit simple syrup. Launched at the end of last month, Swoon is the first-of-its-kind liquid sugar substitute that gets its natural sweetness from monk fruit.
Tate & Lyle Acquires CP Kelco for $1.8 Billion in Strategic Expansion for Sugar Reduction Ingredients and Stabilisers
Global food and beverage solutions company Tate & Lyle has acquired CP Kelco, a nature-based ingredients company, for $1.8 billion on a cash-free, debt-free basis. In the announcement, Tate & Lyle stated that this acquisition “expands our offering in the large (US$19 billion) and fast-growing (6% CAGR) specialty food and beverage ingredients addressable market, and unlocks further growth opportunities in core and adjacent markets.” Tate & Lyle, originating in Britain in 1859 as the sugar refinery Henry Tate & Sons and headquartered in London, was acquired by American Sugar Refining, Inc. in 2010, ending its long association with refined sugar production. Since then, the company has aligned with consumer trends for healthier, tastier, and more sustainable products by offering sugar-reduction solutions for products such as gummies, …