Tate & Lyle has announced the acquisition of the assets of Nutriati, an ingredient technology company developing and producing chickpea protein and flour.
Tate & Lyle (London, UK) has announced the acquisition of the assets of Nutriati, an ingredient technology company developing and producing chickpea protein and flour. Under the terms of the transaction, which builds on a distribution agreement previously signed between the two companies, Tate & Lyle has acquired certain assets from Nutriati, including intellectual property assets, and assumed selected liabilities.
“Tate & Lyle is committed to breakthrough, innovative and sustainable plant-based solutions.This acquisition complements our existing ingredient portfolio perfectly and supports our purpose pillars of supporting healthy living and caring for our planet,” said Nick Hampton, chief executive of Tate & Lyle, in a press release. “We look forward to fully maximizing the strong functional benefits of these plant-based, chickpea derived products and offering an even wider range of fortification solutions to our customers."
“Since establishing Nutriati, we have worked to solve taste, nutrition, functionality and sustainability challenges for the plant-based and gluten free markets. With a global reach and strong focus on health and wellbeing, Tate & Lyle is very well positioned to develop this offering and I wish them all the best for the future,” stated Michael Todd, Chief Executive of Nutriati.