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TATE Tate & Lyle Plc

639.00
5.00 (0.79%)
Last Updated: 08:49:53
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tate & Lyle Plc LSE:TATE London Ordinary Share GB00BP92CJ43 ORD 29 1/6P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  5.00 0.79% 639.00 638.50 639.50 642.50 639.00 642.50 13,019 08:49:53
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Flavoring Extract,syrup, Nec 1.85B 190M 0.4730 13.40 2.55B

Tate & Lyle Names HORN Its U.S. Distributor for the Nutrition Industry

01/03/2018 8:08pm

Business Wire


Tate & Lyle (LSE:TATE)
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HORN Continues National Initiative to Provide Innovative Ingredients to Marketplace

Tate & Lyle PLC (‘Tate & Lyle’), a leading global provider of specialty food ingredients and solutions, and HORN, North America’s premier distributor of specialty ingredients and raw materials, today announced a new partnership. Tate & Lyle has selected HORN as its preferred national distributor in the U.S. for its specialty ingredients developed for the nutrition industry. The distribution partnership begins 1 March 2018.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180301006420/en/

“We sought a specialty nutritional ingredients distribution partner to support the growth of our Speciality Food Ingredients business in the U.S. and HORN was the clear choice,” said Vincent Pinneri, Senior Vice President and General Manager, Speciality Food Ingredients North America, Tate & Lyle. “Tate & Lyle’s extensive portfolio of specialty sweeteners, fibers and oat ingredients is well aligned with HORN’s depth of expertise and customer base in the nutritional industry. The synergies between our companies and this new partnership will provide mutual growth opportunities and increased access to innovative products in the markets we serve.”

As a global leader in reduced sugar solutions and soluble fibers, Tate & Lyle offers a diverse product line that helps the industry respond to the ever-changing needs of consumers. The new partnership between HORN and Tate & Lyle builds on the companies’ strengths to bring innovative solutions to the nutrition industry.

“Innovation is at the heart of Tate & Lyle,” said Adam Ernst, Vice President, HORN Nutraceuticals. “Bringing this organization into the mix of our world-class suppliers upholds HORN’s commitment to support marketplace innovation. Our technical sales team is naturally thrilled to add Tate & Lyle ingredients to our product line, which dovetails nicely with HORN’s other specialty ingredients. As the preferred national distributor for Tate & Lyle’s ingredients for the nutrition industry in the U.S., HORN continues its industry commitment to provide market-leading ingredients that promote nutrition and wellness with innovation as a primary objective.”

About HORN

Established in 1961, HORN is North America’s premier distributor of specialty ingredients, chemicals and raw materials. Originally founded as a specialty chemical distributor, HORN remains an entrepreneurial-driven company with a team of technically-expert and trained professionals. Headquartered in La Mirada, Calif., its specialized market segments encompass six distinct distribution business units: Nutraceuticals, FoodTech, Care Elements, Animal Nutrition, Advanced Materials, Coatings and Building Materials.

As an employee-owned/ESOP company, HORN’s unique approach to customer service embraces challenge and opens opportunities to reinvent and improve on traditional business models. HORN ranks in the ICIS Top 20 list of North America Chemical Distribution Leaders.

Contact 800-442-HORN or visit www.ethorn.com for more information.

About Tate & Lyle

Tate & Lyle is a global provider of ingredients and solutions to the food, beverage and other industries, with operations in over 30 locations worldwide.

Tate & Lyle operates through two global divisions, Speciality Food Ingredients and Bulk Ingredients, supported by our Innovation and Commercial Development and Global Operations groups. The Group's strategy is to become a leading global provider of Speciality Food Ingredients through a disciplined focus on growth, and by driving Bulk Ingredients for sustained cash generation to fuel this growth.

Speciality Food Ingredients consists of three platforms: Texturants, which includes speciality starches and stabilisers; Sweeteners, which comprises nutritive sweeteners and our range of no-calorie sweeteners including SPLENDA® Sucralose; and our Health and Wellness portfolio which includes speciality fibers and our salt-reduction offering. Additionally, our Food Systems business provides a wide variety of blended ingredient solutions.

Tate & Lyle Bulk Ingredients includes bulk sweeteners, industrial starches and fermentation products (primarily acidulants). Corn co-products from both divisions are primarily sold as animal feed.

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 2017, Tate & Lyle sales totalled £2.8 billion. For more information, please visit http://www.tateandlyle.com.

SPLENDA® is a trademark of Heartland Consumer Products LLC.

HORNElla Pochay+1 714-562-7678epochay@ethorn.comorTate & Lyle+44 (0)207-257-2144PRenquiries@tateandlyle.com

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