Tate & Lyle TATE -6.11%decrease; red down pointing triangle agreed to buy nature-based ingredient provider CP Kelco for $1.8 billion as the U.K. group jockeys for position in a highly competitive market to meet growing demand for healthier and more sustainable food and drinks.
Consumers are asking more of food producers, fueling demand for healthier and sustainably sourced ingredients, transparent labeling and a commitment to fair labor practices. Companies are now seeking to diversify their offering to satisfy that demand.
Source: REUTER
