Sale of CP Kelco to Tate & Lyle has Closed

ATLANTA, Georgia (November 15, 2024) – Today, J.M. Huber Corporation, one of the largest family-owned businesses in the United States, announced that it has sold 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 is now a shareholder with about 16% ownership in Tate & Lyle PLC. In addition, Huber EVP and CFO Glenn Fish, and Huber EVP and General Counsel Claudia Vaz de Lestapis will join the Tate & Lyle Board of Directors.

For more information about the transaction, click here.

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

Greenhill and Citi served as financial advisors and Linklaters LLP served as legal counsel to Tate & Lyle.