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  5. W. & R. Barnett Acquires Tate & Lyle - Molasse Business

M&A Deal Summary

W. & R. Barnett Acquires Tate & Lyle - Molasse Business

On December 6, 2010, W. & R. Barnett acquired food company Tate & Lyle - Molasse Business from Tate & Lyle for 67M GBP

Acquisition Highlights
  • This is W. & R. Barnett’s 1st transaction in the Food sector.
  • This is W. & R. Barnett’s 0th largest (disclosed) transaction.
  • This is W. & R. Barnett’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2010-12-06
Target Tate & Lyle - Molasse Business
Sector Food
Buyer(s) W. & R. Barnett
Sellers(s) Tate & Lyle
Deal Type Divestiture
Deal Value 67M GBP

Target

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.

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Buyer(S) 1

Buyer

W. & R. Barnett

Belfast, United Kingdom
Category Company
Founded 1896
Sector Distribution
DESCRIPTION

W&R Barnett is the holding company of a diversified group of international commodity trading and agribusiness companies. Founded in 1896, the group has grown from its origins as a grain merchant and expanded its operations to include a wide variety of enterprises including dry bulk commodities, derivatives, molasses, oils, feed mills, laboratory testing and storage.

DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Tate & Lyle

London, United Kingdom
Category Company
Founded 1903
Sector Food
Employees4,971
Revenue 1.7B GBP (2025)
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, England.

DEAL STATS #
Overall 1 of 3
Sector: Food M&A 1 of 3
Type: Divestiture M&A Deals 1 of 3
Country: United Kingdom M&A 1 of 1
Year: 2010 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-05 Continental Custom Ingredients

West Chicago, Illinois, United Kingdom

Continental Custom Ingredients, Inc. is a dairy stabilisers and emulsifier systems and works closely with customers to develop ingredient systems for the North American market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Nghe An Tate & Lyle Sugar Co.

Vietnam

Nghe An Tate & Lyle, its Vietnamese sugar co.

Sell -
Mergr

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