CHICAGO, Nov. 12, 2018 /CNW/ - Tate & Lyle, a leading global provider of food and beverage ingredients and solutions, announces that, effective November 1, 2018, or as contracts allow, its North American Food & Beverage Solutions business implemented price increases of between 3 and 11 percent on its specialty starches, fibers, oat products, specialty and high intensity sweeteners, and stabilization and functional systems.
These adjustments are required following significant cost increases over the past 12 months in areas such as materials and logistics, and transportation due to substantial truck shortages.
Customers should contact their Tate & Lyle account manager for further details.
About Tate & Lyle:
Tate & Lyle PLC is a global provider of solutions and ingredients for food, beverage and industrial markets.
Tate & Lyle operates through two global divisions, Food & Beverage Solutions and Primary Products, supported by the Innovation and Commercial Development and Global Operations teams. Food & Beverage Solutions is focused on growth by building leading positions globally in the categories of beverages, dairy, and soups, sauces and dressings. Primary Products is focused on delivering steady earnings and generating cash.
Food & Beverage Solutions consists of: Texturants, including speciality starches; Sweeteners, including low- and no-calorie sweeteners; and a Health and Wellness portfolio comprising mainly speciality fibres; and Stabilisers and Functional Systems, which are bespoke ingredient blends that ensure foods retain their structure.
Primary Products consists of high-volume sweeteners, industrial starches and fermentation products (primarily acidulants). It also sells co-products from the corn milling process as animal nutrition.
Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2018, Tate & Lyle sales totalled £2.7 billion. For more information, please visit http://www.tateandlyle.com
SOURCE Tate & Lyle PLC
For further information: Media contact: Anna Taylor, +44(0)207-257-2209, [email protected]