Tate and Lyle
 |
|
| Public | |
| Traded as | : |
| Industry | Food processing |
| Founded | Merger of Henry Tate & Sons and Abram Lyle & Sons in 1921 |
| Headquarters | London, England, United Kingdom |
|
Key people
|
Sir Peter Gershon, Chairman Javed Ahmed, CEO |
| Products |
Starches Splenda Alcohol Citric Acid High fructose corn syrup |
| Revenue | £2,356 million (2015) |
| £33 million (2015) | |
| £30 million (2015) | |
|
Number of employees
|
4,064 (2015) |
| Website | www |
Tate & Lyle plc is a British-based multinational agribusiness. It was originally a sugar refining business, but from the 1970s began to diversify, eventually divesting its sugar business in 2012. It is listed on the and is a constituent of the FTSE 250 Index. It specialises in using innovative technology to turn raw materials like corn, tapioca and oats into ingredients that add taste, texture, nutrients and increased functionality to food and beverage, as well as industrial chemicals and animal foods. It operates from 25 manufacturing facilities and a network of research centres worldwide.
The company was formed in 1921 from a merger of two rival sugar refiners, Henry Tate & Sons and Abram Lyle & Sons.
Henry Tate established his business in 1869 in Liverpool, later expanding to Silvertown in the East End of London: he used his industrial fortune to found the Tate Gallery in London in 1897, and endowed it with his own collection of pre-Raphaelite paintings.Abram Lyle, a cooper and shipowner, acquired an interest in sugar refinery in 1865 in Greenock, western Scotland and then at Plaistow Wharf, West Silvertown, London. The two companies had large factories nearby each other — Henry Tate in Silvertown and Abram Lyle at Plaistow Wharf — so prompting the merger. Prior to the merger, which occurred after they had died, the two men were bitter business rivals, although they had never met in person.
In 1949, the Company introduced its "Mr Cube" brand, as part of a marketing campaign to help it fight a proposed nationalisation by the Labour government.
From 1973, British membership of the European Economic Community threatened Tate & Lyle’s core business, with quotas imposed from Brussels favouring domestic sugar beet producers over imported cane refiners such as Tate & Lyle. As a result, under the leadership of Saxon Tate (a direct descendent of Henry Tate), the company began to diversify into related fields of commodity trading, transport and engineering, and in 1976, it acquired competing cane sugar refiner Manbré & Garton.
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Wikipedia