Tate & Lyle PLC ("Tate & Lyle") announces completion of the sale of Tate & Lyle North American Sugars Inc., trading as Domino Sugar ("Domino"), to an investment group led by Alfonso and J. Pepe Fanjul on 5 November 2001. The maximum consideration will be US$185 million (£127 million) which includes a conditional earnout of up to US$20 million (£14 million) payable over 4 years from date of signing. The consideration in respect of fixed assets is unchanged from the announcement dated 26 July 2001(all variances relate to levels of working capital) and no further write down is required.
UK: Completion of Domino Sugar sale by Tate & Lyle
Get full access to all content, just $1 for 30 days
just-food gives you the widest food market coverage.
But only paid just-food members have full, unlimited access to all our exclusive content - including 19 years of archives.
Try just-food for 30 days and get the research report; ‘Is sugar the next tobacco’ for free!
Dean Best, editor of just-food
Risk-free, money-back guarantee
Do you get our newsletters? If yes, log in to your account to access your FREE READS. Don't know your password? That's cool - you can reset it here.
Most Popular
Insights
- Why sustainability matters for every CPG company
- Interview: Deutsche Bank on drivers of food M&A
- What are the prospects for cultured meat?
- Interview: Yumble on opportunity in D2C kids meals
- Guide: Meat companies with stakes in meat-free
News
- NPD - Bells of Lazonby, Calbee, Loma Linda
- Food giants issue new pledge on trans fat
- Job cuts on cards at Nestle facility
- Greencore appoints COO as profits surge
- 2 Sisters confirms move to sell another unit
Market research
- TrendSights Analysis 2019: Connoisseurship - Keeping up with consumer "experts"
- Success Case Study: Halo Top - How a low-calorie, gluten-free brand became the fastest-growing ice cream in the US
- Meat Top 5 Emerging Markets Industry Guide 2013-2022
- Cannabis Market: Canada’s legalization of recreational marijuana is boosting the fortunes of cannabis stocks
- Opportunities in the Western Europe Confectionery Sector: Analysis of opportunities offered by high growth economies
