The company said its purchase of CP Kelco was “progressing well” despite the industry challenges.
At the end of last year Tate & Lyle purchased F&B giant Tate & Lyle has completed the acquisition on CP Kelco for $1.8bn (approximately £1.4bn).
It reported revenue down 3%, to £1.01 billion for the six months ending 30 September 2025.
However, the company highlighted that the value of the cross-selling pipeline has more than doubled in Q2 driven by a “highly compelling customer offering.”
The company said there were future growth opportunities particularly around the trends towards healthier, more nutritious food.
It said it would be targeting growth by investing in enhanced customer segmentation and accelerating the roll-out of mouthfeel solutions. It would also be increasing investment in applications, sensory, nutrition science and process development as well as investing in new technology and digital tools to enhance the effectiveness of customer-facing teams.
Nick Hampton, chief executive, Tate & Lyle, said: “Over the last six months we have made strong progress driving the benefits of the CP Kelco combination and setting the business up for future growth. Customer engagement is high, we are tracking ahead of our planned revenue and cost synergies, and the fundamental growth drivers of our business remain strong.
“Despite this encouraging progress, performance in the first six months of the year has been disappointing, impacted by softer than expected market demand, notably in North America. As a result, we are accelerating a series of targeted actions to drive top-line growth and improve performance.”
He added: “With our growing pipeline of new business opportunities, the power of the combination is clear. Our leading positions across sweetening, mouthfeel and fortification provide a unique platform to provide our customers with the solutions they need to meet growing consumer demand for healthier, more nutritious and sustainable food and drink. Our focus is on execution, delivering for our customers and growth.”
In January, F&B giant Tate & Lyle has priced a multi-tranche debt offering aimed at generating $588 million in funds.
