Ashurst advises on the proposed combination of Tate & Lyle and CP Kelc

Global law firm Ashurst is advising Greenhill on the proposed combination of Tate & Lyle and CP Kelco, a leading provider of pectin, speciality gums and other nature-based ingredients.

Under the terms of the proposed transaction, Tate & Lyle will acquire CP Kelco from J.M. Huber Corporation for a total implied headline consideration at completion of US$1.8 billion, subject to customary adjustments. Huber will also become a long-term shareholder in Tate & Lyle following completion of the transaction. The proposed transaction is conditional on receipt of certain customary regulatory approvals. It is expected to complete in the fourth quarter of the 2024 calendar year.

The Ashurst team is being led by Harry Thimont and supported by senior associates Louise Chan and Maria McAlister and associate Aoife Weir.