UK: Tate & Lyle bolsters plant-based ingredient portfolio with chickpea flour acquisition
Deal expands on parties’ previous five-year exclusive distribution partnership
Global food ingredient maker Tate & Lyle has acquired chickpea flour business Nutriati to expand its plant-based ingredient portfolio.
The two parties previously signed a distribution partnership in November 2021, whereby Tate & Lyle had exclusive distribution rights over Nutriati’s chickpea flour.
Tate & Lyle CEO Nick Hampton said the acquisition expanded and complimented the company’s existing ingredient portfolio and its drive to support healthy living.
Hampton noted the deal would provide an ‘even wider’ range to customers. At the time of the
Initial distribution deal, Hampton said the partnership opened Tate & Lyle up to providing “on-trend, plant-based ingredients”.
Nutriati chief executive Michael Todd said of the deal: “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.”
As part of the two parties’ previous deal, Nutriati’s products were supported by Tate & Lyle’s vast network of R&D and production labs as well as its technical sales team in order to help the business achieve speed to market.
The chickpea flour and protein company was established in 2018. In 2019 it secured $12.7 million in Series C funding.