M&A Deal Summary

TH Milk Food Joint Stock Acquires Nghe An Tate & Lyle Sugar

On June 1, 2012, TH Milk Food Joint Stock acquired food company Nghe An Tate & Lyle Sugar from Tate & Lyle

Acquisition Highlights
  • This is TH Milk Food Joint Stock’s 1st transaction in the Food sector.
  • This is TH Milk Food Joint Stock’s 1st transaction in Vietnam.

M&A Deal Summary

Date 2012-06-01
Target Nghe An Tate & Lyle Sugar
Sector Food
Buyer(s) TH Milk Food Joint Stock
Sellers(s) Tate & Lyle
Deal Type Divestiture

Target

Nghe An Tate & Lyle Sugar

Vietnam
Nghe An Tate & Lyle, its Vietnamese sugar co.

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Buyer(S) 1

Buyer

TH Milk Food Joint Stock

Vietnam

Category Company
Founded 2009
Sector Food
DESCRIPTION

TH Milk Food Joint Stock Company processes and distributes milk, soya milk, and milk products, fruit juice, and drinking products.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
Country (Vietnam) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

Tate & Lyle

London, United Kingdom

website


Category Company
Founded 1903
Sector Food
Employees4,441
Revenue 1.4B GBP (2022)
DESCRIPTION

Tate & Lyle is a provider of distinctive, high quality ingredients and solutions to the food, beverage and other industries. Tate & Lyle was founded in 1903 and is based in London, the United Kingdom.


DEAL STATS #
Overall 2 of 3
Sector (Food) 2 of 3
Type (Divestiture) 2 of 3
Country (Vietnam) 1 of 1
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-06 Tate & Lyle - Molasse Business

United Kingdom

Molasses comprises the global molasses trading desk based in London, UK and other worldwide marketing operations together with the UK third party storage operations. These businesses had external sales of £228 million and made an operating profit of £13 million in the year to 31 March 2010, and had gross assets of £81 million at that date. The sale excludes historic UK pension assets and liabilities and, after costs and subject to movements in exchange rates, is expected to give rise to a small book profit on disposal.

Sell £67M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-20 Biovelop International AB

Kimstad, Sweden

Biovelop produces oat beta glucan under the brand name PromOat™ for use in the food, beverage and supplement markets, and under the brand name Avenacare™ for use in the cosmetics industry. In addition, it produces a range of other oat-based ingredients including PrOATein™ (oat protein), oat dextrin and insoluble oat fibre.

Buy -