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Home / Media Hub / CP Kelco Announces Intent to Combine with Tate & Lyle Through Sale by J.M. Huber Corporation

CP Kelco Announces Intent to Combine with Tate & Lyle Through Sale by J.M. Huber Corporation

ATLANTA (June 20, 2024) – CP Kelco, a leading global producer of nature-based ingredient solutions, today announced its intent to combine its business with London-headquartered global food and beverage solutions business Tate & Lyle (LSE: TATE.L) through the sale of CP Kelco by J.M. Huber Corporation (Huber). The proposed combination will create a leading and differentiated global speciality food and beverage solutions business.

Huber and Tate & Lyle have entered into an agreement by which Huber will continue to stay invested in CP Kelco through a shareholding of about 16% in the combined Tate & Lyle and CP Kelco holding company Tate & Lyle PLC, following completion of the transaction.  In addition, Huber will hold two seats on its Board of Directors1. The transaction is expected to close later this year after approval by Tate & Lyle’s shareholders and customary regulatory clearances and closing conditions are met.

Combining CP Kelco’s nature-based, specialty ingredient solutions for stabilization and texture with Tate & Lyle’s sweetening, mouthfeel and fortification platforms will enhance both companies’ capabilities across multiple product categories and unlock new growth opportunities. Further, CP Kelco’s expertise and offerings in consumer care and industrial applications will provide the combined entity with the potential to grow in additional, attractive end-markets.

“For more than 90 years, CP Kelco has served as an innovation partner for companies of all sizes and in more than 100 countries, leveraging our multi-functional, nature-based ingredients across a variety of product formulation challenges and opportunities,” said Didier Viala, President of CP Kelco. “By joining forces with Tate & Lyle, we can create an ingredient innovation powerhouse—one that’s truly committed to meeting consumer and market needs with a unique portfolio of sustainable solutions and our deep technical and applications expertise.”

Nick Hampton, Chief Executive of Tate & Lyle said “A combination with CP Kelco is the perfect fit with Tate & Lyle’s growth-focused strategy and purpose. Together, we will have a compelling customer proposition. With our leading portfolio of speciality ingredients and a world-class team of food science experts, we will be uniquely placed to provide our customers with the solutions they need to meet growing consumer demand for healthier, tastier and more sustainable food and drink. The growth potential of the proposed combined business is significant and we look forward to the future with confidence and excitement.”

The combined entity will provide CP Kelco and Tate & Lyle employees with appealing career opportunities for growth and development, Viala added. “This transaction represents an exciting, new chapter for our business and our people around the globe.”

Footnote

  1. Subject to Huber maintaining certain minimum shareholding thresholds in Tate & Lyle PLC.

About CP Kelco

CP Kelco is a nature-based ingredient solutions company with approximately 90 years of experience working with food, beverage, consumer and industrial products manufacturers worldwide. What sets us apart:

  • Unlocking Nature-Powered Success®. Apply ingredient innovation and problem-solving to develop customized solutions that leverage our regional insights and meet manufacturers’ goals to address consumer needs and preferences.
  • Unique Portfolio. Produce extensive range of high-quality, plant-based and fermentation-derived ingredients to formulate tailored solutions.
  • Technical Excellence. Offer strong collaboration with a global team of scientists and applications experts, leveraging our regional state-of-the art R&D facilities.
  • Sustainability. Committed to providing responsibly sourced and produced ingredients.
  • Market Understand market and consumer trends to help customers create relevant and innovative products.

Our key product lines include citrus fiber, gellan gum, pectin, carrageenan, xanthan gum, diutan gum, fermentation-derived cellulose, refined locust bean gum and microparticulated whey protein concentrate. Learn more at www.cpkelco.com.

About Tate & Lyle

Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, fortification, and texture, we develop ingredient solutions which reduce sugar, calories, and fat, add fibre and protein, and provide texture and stability in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings.

We have more than 3,300 employees working in around 58 locations serving customers across 121 countries. Science, Solutions, Society is our brand promise and how we will achieve our purpose of Transforming Lives Through the Science of Food. By living our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2024, Tate & Lyle revenue from continuing operations totalled £1.65 billion. For more information, please visit https://www.tateandlyle.com or follow Tate & Lyle on LinkedIn, X (Twitter), Facebook or YouTube.

About J.M. Huber Corporation

J.M. Huber Corporation, headquartered in Atlanta, Georgia (US), operates a diverse portfolio of companies: CP Kelco, Huber Engineered Materials, Huber Engineered Woods and Huber Resources Corp. With locations around the world, our businesses create products used in a broad range of applications including personal care, food and beverage, agricultural nutrients and adjuvants, building materials, flame retardants and smoke suppressants, as well as sustainable forestry services. Founded in 1883, Huber is one of the largest family-owned companies based in the US. For more information, visit www.huber.com.

 

Home / Media Hub / CP Kelco Commends U.S. Customs and Border Protection for Determination in Xanthan Gum Anti-Dumping Case

CP Kelco Commends U.S. Customs and Border Protection for Determination in Xanthan Gum Anti-Dumping Case

ATLANTA (June 18, 2024) – CP Kelco, a global leader of nature-based ingredient solutions, commends U.S. Customs and Border Protection (CBP) for their diligent investigation and subsequent determination of evasion in Enforce and Protect Act (EAPA) Case 7814. CBP’s findings confirm that Texas United Chemical Company, LLC (TUCC) engaged in activities to evade anti-dumping duties on xanthan gum imported from the People’s Republic of China.

CBP’s investigation revealed substantial evidence of evasion, specifically finding that TUCC imported Chinese-origin xanthan gum transshipped through Turkey and falsely declared it as Turkish-origin to avoid applicable anti-dumping duties. This determination underscores the commitment of U.S. authorities to uphold fair trade practices and protect American businesses from Chinese-produced xanthan gum sold below fair market value.

Key Elements Identified by CBP:

  1. Misrepresentation of Country of Origin: TUCC provided a Chinese country of origin certificate for the xanthan gum it imported from Neu Kimya, despite declaring it as Turkish-origin product;
  2. False Documentation: TUCC acknowledged that all the xanthan gum it imported from Neu Kimya was, in fact, Chinese-origin product. This was supported by the provision of a packing list and commercial invoice indicating the merchandise was first shipped from China to Turkey;
  3. False Certificates of Analysis (COA): Email correspondence between Neu Kimya and TUCC disclosed an offer of either a “transit COA” or a Turkish COA, suggesting awareness of the true origin of the merchandise;
  4. Lack of Production Capacity in Turkey: A finding made by the U.S. International Trade Commission and an affidavit in the allegation confirmed that Turkey does not have any production capacity for xanthan gum, further indicating the false nature of the Turkish-origin claims;
  5. Non-Cooperation with CBP Investigation: Neu Kimya failed to respond to CBP’s request for information, leading to the application of adverse inferences against the company.

As a result of the determination of evasion, CBP will take appropriate actions, including the suspension of liquidation of all entries imported by TUCC that are subject to the investigation and the evaluation of TUCC’s continuous bond.

CP Kelco remains committed to supporting the enforcement of U.S. trade laws and regulations.

CBP’s official notice can be accessed here.

CBP’s Notice of Determination as to Evasion for TUCC can be accessed here.
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About CP Kelco
CP Kelco is a nature-based ingredient solutions company with approximately 90 years of experience working with food, beverage, consumer and industrial product manufacturers worldwide. What sets us apart:

  • Unlocking Nature-Powered Success®. Apply ingredient innovation and problem- solving to develop customized solutions that leverage our regional insights and meet manufacturers’ goals to address consumer needs and preferences.
  • Unique Portfolio. Produce extensive range of high-quality, plant-based and fermentation-derived ingredients to formulate tailored solutions.
  • Technical Excellence. Offer strong collaboration with a global team of scientists and applications experts, leveraging our regional state-of-the art R&D facilities.
  • Sustainability. Committed to providing responsibly sourced and produced ingredients.
  • Market Insights. Understand market and consumer trends to help customers create relevant and innovative products.

Our key product lines include citrus fiber, pectin, gellan gum, xanthan gum, carrageenan, fermentation-derived cellulose, diutan gum, refined locust bean gum and microparticulated whey protein concentrate. Learn more at cpkelco.com.

Home / Media Hub / Zanea Seaweed Co., Our Carrageenan Raw Material Provider, Achieves B Corp Certification

Zanea Seaweed Co., Our Carrageenan Raw Material Provider, Achieves B Corp Certification

In recognition of its commitment to sustainability, environmental and social responsibility, Zanea Seaweed Co., Ltd. has achieved B Corp Certification from the nonprofit B Lab. CP Kelco is the parent company of Zanea Seaweed Co., which was established as a local base of operations to work directly with farmers along the African coast who provide red seaweed as raw material for our GENU®, GENUGEL®, GENULACTA®, GENU® Texturizer, GENUTINE® and GENUVISCO® Carrageenans.

B Corp Certification is a unique designation that a company is meeting high standards by measuring its entire social and environmental impact. The ”B” stands for ”benefit for all,” which means this certification recognizes our holistic approach to prioritize people, planet and profit equally. Zanea Seaweed Co. was measured across a range of responsibilities as varied as…

Environment

Protecting the mangroves and nearby forest land, minimizing waste and deforestation by planting 20,000 trees per year.

Employees

Providing training, benefits, supplies, and a culture that improves the standard of living for women and children in the community.

Customers

Delivering a high-quality product. Customers can feel good about having a B Corp. certified supplier in their value chain.

Communities

Supporting the coastal communities where we work: building and supporting new schools, hospitals and more.

Transparency and accountability are key factors. B Corps are legally required to consider the impact of their decisions on all stakeholders, not just shareholders. This accountability helps foster a business environment where companies are incentivized to pursue more sustainable and ethical practices.

The certification from B Lab serves as a trusted symbol for customers and consumers seeking socially and environmentally responsible products and services. It helps differentiate certified companies in the marketplace and builds trust with customers who prioritize sustainability.

Overall, B Corp Certification represents a commitment to using business as a force for good and provides a roadmap for companies to become more sustainable, accountable and impactful in the long term.

Click here to read more about the community that carrageenan built.

Home / Media Hub / CP Kelco Completes $60 Million Citrus Fiber Capacity Expansion Project

CP Kelco Completes $60 Million Citrus Fiber Capacity Expansion Project

Strong Customer Demand & Market Potential Are Key Drivers
Behind New Production Line

ATLANTA (Apr. 29, 2024) – CP Kelco, a global leader of nature-based ingredient solutions, has completed a $60 million expansion in production capacity for its citrus fiber product line, based on strong customer demand and market potential. With this significant expansion, the company has ample capacity to support current and future customers’ citrus fiber supply needs.

The production line expansion for NUTRAVA® and KELCOSENS™ Citrus Fiber in the company’s facility in Matão, Brazil, increases the total capacity to approximately 5000 MT, establishing CP Kelco as a leading citrus fiber supplier to food, beverage and consumer product manufacturers worldwide. This expansion provides options to incrementally expand capacity even further in the future based on customer needs.

Launched in 2019, CP Kelco’s citrus fiber products are highly versatile and unique ingredients upcycled from citrus peels, a byproduct of the juicing industry. With the continued growth in consumer demand for clean-label, sustainable products, citrus fiber addresses the need for nature-based and easily recognizable ingredients in a variety of food, beverage and personal care products.

“We are delighted about reaching this important milestone in our growth journey with citrus fiber, which continues to demonstrate tremendous versatility and potential across many application segments and geographic markets,” said Didier Viala, President of CP Kelco. “As a result of strong collaboration amongst our global team members and customers since its commercial launch in 2019, our citrus fiber has evolved into a robust product line with growing interest and demand, especially from those interested in meeting consumers’ needs for sustainably sourced and label-friendly products.”

“We look forward to serving even more customers and application segments with the significant expansion of our citrus fiber production capacity,” Viala added.

NUTRAVA® Citrus Fiber supports dietary fiber intake and offers unique water-binding, texturizing and stabilization capabilities in a wide range of food and beverage applications, from condiments, dressings and soups to bakery goods, dairy and plant-based products. In personal care products, KELCOSENS™ Citrus Fiber serves as a gentle emulsifier alternative, providing stabilization and a light skin feel to help product developers create SENSational textures, from serums to gels and luxe creams.

In 2023, NUTRAVA® Citrus Fiber became the first citrus fiber in the industry to achieve upcycled certification from the Upcycled Food Association, now part of WhereFoodComesFrom, Inc. Then, in March 2024, KELCOSENS™ Citrus Fiber won the prestigious Cosmetics & Toiletries  Allē Award for best new natural/bio-derived ingredient.

About CP Kelco

CP Kelco is a nature-based ingredient solutions company with approximately 90 years of experience working with food, beverage, consumer and industrial products manufacturers worldwide. What sets us apart:

  • Unlocking Nature-Powered Success®. Apply ingredient innovation and problem- solving to develop customized solutions that leverage our regional insights and meet manufacturers’ goals to address consumer needs and preferences.
  • Unique Produces extensive range of high-quality, plant-based and fermentation-derived ingredients to formulate tailored solutions.
  • Technical Excellence. Offers strong collaboration with a global team of scientists and applications experts, leveraging our regional state-of-the art R&D facilities.
  • Committed to providing responsibly sourced and produced ingredients.
  • Market Understands market and consumer trends to help customers create relevant and innovative products.

Our key product lines include gellan gum, pectin, carrageenan, xanthan gum, diutan gum, fermentation-derived cellulose, refined locust bean gum, microparticulated whey protein concentrate and our latest innovation, NUTRAVA® Citrus Fiber. Learn more at www.cpkelco.com.

Home / Insights / CP Kelco wins Best Ingredients Supplier Again!

CP Kelco wins Best Ingredients Supplier Again!

Members of the CP Kelco Brazil team were proud to receive the prestigious industry award from Aditivos Ingredientes at the recent ceremony in São Paulo. We won first place for our GENU® Pectin and KELCOGEL® Gellan Gum; and second place for KELTROL® Xanthan Gum, SIMPLESSE™ Microparticulated Whey Protein Concentrate and GENU® Carrageenan. CP Kelco has a long history of winning that dates back to the inception of the BIS Awards in 2015. Congratulations to our team!

Click here or the image above for the full announcement.
(Published in Portuguese)

Home / Media Hub / KELCOSENS™ Citrus Fiber Wins Prestigious 2024 Allē Award!

KELCOSENS™ Citrus Fiber Wins Prestigious 2024 Allē Award!

BEVERLY HILLS (Mar. 7, 2024) – CP Kelco is proud to announce that its KELCOSENS™ Citrus Fiber was named the winner of the new “Natural/Bio-derived” ingredients category at the Cosmetics & Toiletries  Allē Awards. The ceremony and red-carpet event honoring “the best in R&D and brand innovation” was held last night in Beverly Hills, California.

John Swazey, CP Kelco (left) and Rachel Grabenhofer, managing scientific editor, Cosmetic & Toiletries (right) at the Allē Awards
red-carpet event.

The annual C&T Allē Awards program recognizes the scientific discipline, formulating skills, resourcefulness and creativity of innovators throughout the cosmetic product development process – from ingredient suppliers and finished product manufacturers, to test method/tool designers, digital tech developers and more. KELCOSENS™ Citrus Fiber was rated on its merits of sustainability, multifunctionality, novelty, proof of efficacy and safety, among other qualities.

Competition in the overall Base Ingredients category was intense! The CP Kelco team is incredibly honored to receive this recognition and wishes to thank Cosmetics & Toiletries as well as their esteemed panel of independent judges.

KELCOSENS™ Citrus Fiber is an Upcycled Certified® ingredient* derived from citrus peels, an abundant byproduct of the juice industry near our plant in Brazil. This gentle emulsifier alternative provides stabilization and a light skin feel to help personal care product developers create SENSational textures, from serums to gels and luxe creams. Read more about it.

About CP Kelco

CP Kelco is a nature-based ingredient solutions company with approximately 90 years of experience working with food, beverage, consumer and industrial product manufacturers worldwide. We apply ingredient innovation and problem-solving to develop customized solutions that leverage our regional insights, meet manufacturers’ goals and address consumer needs and preferences.

  • Unique Portfolio. Produces extensive range of high-quality, plant-based and fermentation-derived ingredients to formulate tailored solutions.
  • Technical Excellence. Offers strong collaboration with a global team of scientists and applications experts, leveraging our regional state-of-the art R&D facilities.
  • Sustainability. Committed to providing responsibly sourced and produced ingredients.
  • Market Insights. Understands market and consumer trends to help customers create relevant and innovative products.

Our key product lines include pectin, gellan gum, xanthan gum, carrageenan, fermentation-derived cellulose, diutan gum, microparticulated whey protein concentrate, and our new upcycled ingredients, NUTRAVA® and KELCOSENS™ Citrus Fibers. Learn more at www.cpkelco.com.

*Upcycled Certified® is a registered trademark of the Upcycled Food Association.