29th Apr 2019 06:53
LONDON (Alliance News) - Tate & Lyle PLC is on the lookout for acquisitions, the Financial Times reported on Monday, as it looks to expand its speciality ingredients unit.
The speciality ingredients business helps food companies redevelop recipes to reduce sugar, salt and fat.
Citing an interview of Chief Executive Nick Hampton, the newspaper said Tate & Lyle is looking at deals in emerging markets such as Asia. "We have plenty of firepower because the balance sheet is very strong," Hampton told the FT. "The challenge of course is the availability of the right targets."
https://www.ft.com/content/9f6b3164-69b0-11e9-80c7-60ee53e6681d?segmentId=080b04f5-af92-ae6f-0513-095d44fb3577
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