ASR To Buy Tate & Lyle European Cane Sugar Operations
TGI Friday's restaurants has launched its new Caribbean-inspired Summer menu, which comprises 14 new appetizers, salads, sandwiches, entrees and combo dishes starting at $8.99.
The GBP211m acquisition, which happens to be the third large-scale transaction between the duo, includes a license for use of the Tate & Lyle brand in relation to the sale of sugar.
In 2001, ASR purchased Tate & Lyle North American Sugars (Domino Sugar) and its three refineries, and recently acquired Tate & Lyle Canada (Redpath Sugar) in 2007. The company markets its industrial, consumer and specialty products through Domino Foods, with a brand portfolio of Domino, C&H, Florida Crystals and Redpath.
ASR boasts expertise in the operation of cane sugar refineries and the logistics of the related supply chain, in addition to the marketing of certain retail sugar brands.
Tate & Lyle is a cane sugar producer in the EU. ASR said that the acquisition of Tate & Lyle refineries in London, England, and Lisbon, Portugal, increases its total refining capacity to 6 million metric tons per year.
Luis Fernandez, co-president of ASR, said: The acquisition of Tate & Lyle's European sugar operations is consistent with our strategic vision for expansion in the sugar refining sector. We recognize the importance and history of the Tate & Lyle sugar brand and are proud to add it to our existing brand portfolio.
American Sugar Refining, based in New York, owns and operates six cane sugar refineries across North America, which are located in Yonkers, New York; Baltimore, Maryland; Chalmette, Louisiana; Crockett, California; Toronto, Canada; and Veracruz, Mexico.
Related Insight
Suppliers Directory
Processed Foods Bakery & Cereals Confectionary Pasta & Noodles Savory Snacks Sweets & Desserts
Condiments & Ingredients Ingredients Oil & Fats Sauces & Spreads Soups
Chilled & Deli Food
Special Foods Baby Food Health Foods
Food Technology Process & Production IT & Software Packaging Sustainability
Marketing & Regulatory Regulatory & Food Safety Supply Chain Retail
Ingredients Intelligence
Until recently, the beverages market was divided simply between alcoholic and non-alcoholic beverages. As consumers’ tastes grew more sophisticated and demand surged for a variety of beverage options catering to lifestyle changes and health concerns, the beverages industry has responded with a dizzying array of options to choose from. This report focuses on the U.S. and world markets for beverages across several broad categories. For the purposes of this study, TriMark Publications has divided the global beverages markets into the following product segments include: 1) alcoholic beverages such as wines, beers and spirits; 2) non-alcoholic beverages such as bottled water and milk; 3) brewed beverages such as coffees and teas; 4) carbonated beverages such as sodas and soft drinks; 5) non-carbonated juice products both fresh and pre-packaged; and 6) energy drinks which are generally caffeinated beverages in both carbonated and non-carbonated forms. For each market segment, this study presents the latest information on size, growth rates, sales projections and factors influencing growth in the U.S. and internationally. Reports Buy online from $449
Comments may be moderated for spam, obscenities or defamation.