15th Jun 2007 13:19
Tate & Lyle PLC - 15 June 2007 Tate & Lyle announces completion of investment in G.C Hahn & Co. Tate & Lyle, the global renewable ingredients company, is pleased to announcethat it has today completed the acquisition of an 80% holding in Germanspecialty food ingredients group G. C. Hahn & Co ("Hahn") for a total cashconsideration of £78 million (EUR 116 million). This follows the initialannouncement of 16 April 2007. Notes to Editors Hahn is privately owned and was founded in 1848. Its headquarters and primaryoperations are located in L£beck, Germany. It also has production operations inthe UK, USA and Australia, and sales offices in 22 countries. Hahn is arecognised leader in dairy stabiliser systems and works closely with customersacross the world to develop customised ingredient solutions. \* TFor more information contact:Mark RobinsonDirector of Investor Relationst:+442079776189m:+447793515861e: [email protected] Ferne HudsonHead of Media & Public Relationst:+44(0)20 7977 6143m:+44(0)7713 067 433f:+44(0)20 7623 5213e: [email protected]\* T About Tate & Lyle Tate & Lyle is a world leading manufacturer of renewable food and industrialingredients. It uses innovative technology to transform corn, wheat and sugarinto value-added ingredients for customers in the food, beverage,pharmaceutical, cosmetic, paper, packaging and building industries. The Companyis a leader in cereal sweeteners and starches, sugar refining, value added foodand industrial ingredients, and citric acid. Tate & Lyle is the world number-onein industrial starches and is the sole manufacturer of SPLENDA(R) Sucralose. Headquartered in London, Tate & Lyle is listed on the London Stock Exchangeunder the symbol TATE.L. In the US its ADRs trade under TATYY. The Companyoperates more than 60 production facilities in 24 countries, throughout Europe,the Americas and South East Asia. It employs 6,900 people in its subsidiarieswith a further 2,300 employed in joint ventures. Sales in the year to 31 March2007 totalled £4.0 billion. Additional information can be found onhttp://www.tateandlyle.com. SPLENDA(R) is a trademark of McNeil Nutritionals, LLC Copyright Business Wire 2007Related Shares:
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