# Tate & Lyle to acquire CP Kelco from J.M. Huber for US$1.8 billion

Tate & Lyle agreed to acquire CP Kelco, a pectin and speciality gums maker, from J.M. Huber for a total implied consideration of US$1.8 billion on a cash-free, debt-free basis.

- Type: Acquisition
- Announced: 2024-06-20
- Value: $1.80B
- Status: announced
- Products: pectin, speciality gums, nature-based ingredients
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Tate & Lyle](https://endata.com/companies/11980.md) (acquirer)
- [CP Kelco](https://endata.com/companies/11981.md) (target)
- [J.M. Huber](https://endata.com/companies/11982.md) (partner)

## Sources

- [londonstockexchange.com](https://www.londonstockexchange.com/en/news/article/TATE/combination-of-tate-lyle-and-cp-kelco/16528248), 2024-06-20: "Combination of Tate & Lyle and CP Kelco"
- [tateandlyle.com](https://www.tateandlyle.com/news/proposed-combination-tate-lyle-and-cp-kelco-create-leading-global-speciality-food-and-beverage), 2024-06-20: "Tate & Lyle announces that it has entered into an agreement to acquire the entire issued share capital of (i) CP Kelco U.S.; (ii) CP Kelco China; and (iii) CP Kelco ApS"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.