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Tate & Lyle unveils restructuring plans

2015-04-21 11:48:00| Food - Topix.net

Food ingredients maker Tate & Lyle is set to implement a restructuring process, which will see the company leave the majority of its European bulk ingredients business and make changes to its Splenda sucralose division. The FTSE 250 group said it will receive 240m from Archer Daniels Midland, after agreeing to exit bulk ingredients plants in Bulgaria, Turkey and Hungary that are operated by both groups as part of a European corn wet-milling joint venture.

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