UK-based Tate & Lyle has completed the acquisition of leading prebiotic dietary fibre business Quantum Hi-Tech Biological
Tate & Lyle, a global provider of food and beverage ingredients and solutions, has completed the acquisition of Quantum Hi-Tech (Guangdong) Biological Co., Ltd (Quantum), a leading prebiotic dietary fibre business located in China.
The signing of a conditional agreement for this acquisition was announced on 31 March 2022.
FOS and GOS fibres are highly complementary to our existing fibre portfolio
Nick Hampton, Chief Executive of Tate & Lyle, said: "This acquisition significantly strengthens our fortification platform and our position as a leading global player in dietary fibres, while extending our presence in China and Asia."
Hampton explained that FOS and GOS fibres are highly complementary to the company's existing fibre portfolio and will allow it to offer a broader range of solutions to its customers across key markets.
"We are delighted to welcome our new colleagues from Quantum to Tate & Lyle. Quantum is a great fit with our growth strategy and our purpose of Transforming Lives through the Science of Food, giving us more opportunities to improve gut health and provide fibre fortification for consumers across the world," Hampton added.