Tate & Lyle to acquire tapioca business in Thailand
Agreement to purchase 85 percent shareholding in Chaodee Modified Starch in support of strategy to grow texturant portfolio
Tate & Lyle PLC (“Tate & Lyle”), a global provider of food and beverage ingredients and solutions, has announced that it has signed an agreement to acquire an 85 percent shareholding in Chaodee Modified Starch Co., Ltd. (“CMS”), a well-established tapioca modified food starch manufacturer located in Thailand.
This investment extends Tate & Lyle’s presence in specialty tapioca-based texturants and establishes a dedicated production facility in the main tapioca region of eastern Thailand. The acquisition will enable Tate & Lyle to offer a broader range of tapioca-based solutions to meet customers’ needs for better tasting and clean label foods in categories including dairy, bakery, snacks, noodles and soup, sauces and dressings.