Chickpea Ingredients Producer Nutriati Acquired by Tate & Lyle – vegconomist

Tate & Lyle, originating in Britain 1859 as sugar refinery Henry Tate & Sons, most recognized for its emblematic Golden Syrup, was acquired by American Sugar Refining, Inc (ASR) in 2010, ending its lengthy affiliation with refined sugar manufacturing. The corporate now pronounces it has bought US chickpea components producer Nutriati. The multinational components provider stated it had acquired “considerably all” of Nutriati’s property.

Established in 2018, Nutriati affords chickpea flour and protein underneath the Artesa® model. The merchandise are utilized by a variety of main plant-based and gluten-free corporations, primarily in North America. Previous to the acquisition, Nutriati had signed an settlement making Tate & Lyle its sole distributor. The businesses haven’t revealed the phrases of the acquisition.

Funding spherical

In December 2019, Nutriati raised $12.7 million in a Sequence C spherical led by Manna Tree Companions, with participation from personal fairness agency Open Prairie. The corporate stated it might use the funding to assist R&D, improve manufacturing and add clients. Nutriati was additionally featured eventually yr’s Future Food-Tech Summit, the place it showcased how its components might “open up new efficiency choices”.

“Tate & Lyle is dedicated to breakthrough, progressive and sustainable plant-based options,” stated Nick Hampton, chief government officer of Tate & Lyle. “This acquisition enhances our current ingredient portfolio completely and helps our goal pillars of supporting wholesome residing and caring for our planet. We stay up for totally maximizing the robust practical advantages of those plant-based, chickpea-derived merchandise and providing a good wider vary of fortification options to our clients.”