ATLANTA, Georgia (June 20, 2024) – Today, J.M. Huber Corporation, one of the largest family-owned businesses in the United States, announced that it has entered into an agreement to sell CP Kelco, one of the companies in its portfolio, to Tate & Lyle (LSE: TATE.L), a global food and beverage solutions business headquartered in London, UK. Huber will continue to stay invested in CP Kelco by becoming a shareholder with about 16% ownership in the combined Tate & Lyle and CP Kelco holding company Tate & Lyle PLC, following completion of the transaction. In addition, Huber will hold two seats on its Board of Directors1. The transaction is expected to close later this year following approval by Tate & Lyle’s shareholders and after customary regulatory clearances and closing conditions are met.

Combining CP Kelco’s nature-based, specialty ingredient solutions for stabilization and texture with Tate & Lyle’s sweetening, mouthfeel and fortification platforms will enhance both companies’ capabilities across multiple product categories and unlock new growth opportunities. CP Kelco’s expertise in consumer care and industrial applications will provide the combined entity with the potential to grow in additional attractive end markets.

The combination of these industry leaders — each with a long history and sharing similar culture and values — creates a combined entity well-positioned with scale to compete and thrive as a prominent and differentiated global player in sustainable ingredient solutions. The transaction will also provide employees in both organizations with appealing career opportunities for growth and development across a growing international platform.

“Together, Huber and Tate & Lyle are taking a bold and strategic move by creating a combined entity well-positioned with scale to be the driving force behind the future of food and wellness,” says Gretchen McClain, President and CEO of J.M. Huber Corporation. “Huber has been an excellent steward of CP Kelco for the past 20 years with a relentless pursuit to growing and creating value as a leading provider of nature-based, specialty ingredient solutions. This step unlocks the full value of CP Kelco and our long-term partnership as a shareholder in Tate & Lyle signifies Huber’s long-term desire to remain engaged in the attractive food and beverage market. Our collective rich histories and depth of experience combined with our shared purpose, values and commitment to our customers, employees, and communities will enhance future value for all stakeholders.”

Nick Hampton, Chief Executive of Tate & Lyle, said, “A combination with CP Kelco is the perfect fit with Tate & Lyle’s growth-focused strategy and purpose. Together, we will have a compelling customer proposition. With our leading portfolio of speciality ingredients and a world-class team of food science experts, we will be uniquely placed to provide our customers with the solutions they need to meet growing consumer demand for healthier, tastier and more sustainable food and drink. We are delighted that, looking ahead, Huber will become a new long-term shareholder in Tate & Lyle. We look forward to welcoming their two new non-executive directors to our Board, and to working with them, and our other shareholders, to progress the enlarged company’s growth strategy.”

BofA Securities is acting as financial adviser and Kirkland & Ellis International LLP is serving as legal counsel to Huber, with White & Case LLP handling FDI and antitrust filings.

Greenhill and Citi are serving as financial advisors and Linklaters LLP is serving as legal counsel to Tate & Lyle.


About J.M. Huber Corporation

J.M. Huber Corporation, headquartered in Atlanta, Georgia (US), operates a diverse portfolio of companies: CP Kelco, Huber Engineered Materials, Huber Engineered Woods and Huber Resources Corp. With locations around the world, our businesses create products used in a broad range of applications including personal care, food and beverage, agricultural nutrients and adjuvants, building materials, flame retardants and smoke suppressants, as well as sustainable forestry services. Founded in 1883, Huber is one of the largest family-owned companies based in the US. For more information, visit


About CP Kelco

CP Kelco is a nature-based ingredient solutions company with approximately 90 years of experience working with food, beverage, consumer and industrial product manufacturers worldwide. What sets us apart:

Our key product lines include citrus fiber, gellan gum, pectin, carrageenan, xanthan gum, diutan gum, fermentation-derived cellulose, refined locust bean gum and microparticulated whey protein concentrate. Learn more at


About Tate & Lyle

Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, fortification, and texture, we develop ingredient solutions which reduce sugar, calories and fat, add fiber and protein, and provide texture and stability in categories including beverages, dairy, bakery, snacks, soups, sauces and dressings.

We have more than 3,300 employees working in around 58 locations serving customers across 121 countries. Science, Solutions, Society is our brand promise and how we will achieve our purpose of Transforming Lives Through the Science of Food. By living our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

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 2024, Tate & Lyle revenue from continuing operations totaled £1.65 billion. For more information, please visit or follow Tate & Lyle on LinkedIn, X (Twitter), Facebook or YouTube.


  1. Subject to Huber maintaining certain minimum shareholding thresholds in Tate & Lyle.