Tate & Lyle PLC, London, recently announced the exit from the substantial part of its European Bulk Ingredients business and the restructuring of its SPLENDA Sucralose business to further focus on and strengthen Speciality Food Ingredients.
Tate & Lyle and Archer Daniels Midland Co. (ADM), Chicago, have signed an agreement to realign Eaststarch C.V. (Eaststarch), their joint venture corn wet milling business in Europe, in which each owns a 50 percent equity share. Eaststarch was formed in 1992, and owns and operates three corn wet mills located in Slovakia, Bulgaria and Turkey, and has a 50 percent equity share in Europe’s largest corn wet mill in Hungary. Eaststarch produces a range of products, predominantly bulk ingredients, which are sold to a number of multinational and regional food and industrial customers.