Tate & Lyle’s equity investment in Sweet Green Fields
Tate & Lyle has entered into an agreement to acquire a 15% equity holding in privately held global stevia ingredient company Sweet Green Fields.
This builds on the agreement entered into by Tate & Lyle and Sweet Green Fields in April 2017 which saw Tate & Lyle become the exclusive global distributor of Sweet Green Fields’ portfolio of stevia-based ingredients.
Nick Hampton, chief executive, Tate & Lyle, said: “We are delighted to build an even closer partnership with Sweet Green Fields. Their industry-leading portfolio of stevia-based ingredients is highly complementary to our portfolio of proprietary sugar reduction solutions, and the results from the first year of our global distribution partnership have been very encouraging.
“We look forward to working together with the Sweet Green Fields team to deliver truly break-through, great tasting stevia products for our customers.”
Jingang (Jack) Shi, chairman, Sweet Green Fields, added: “Sweet Green Fields continues to grow its business strongly, driven by our leading portfolio of stevia-based ingredients and solutions. We are delighted to have the opportunity to strengthen our relationship with Tate & Lyle, and take our business to the next level of success.”