This week Tate & Lyle announced its restructuring of its SPLENDA business, among other moves, while Ingedion introduced a line of starches for imitation cheese and Flamous introduced falafel chips. Happy Friday.
Tate & Lyle announced the exit from the substantial part of its European Bulk Ingredients business and the re-structuring of its SPLENDA® Sucralose business to further focus on and strengthen Specialty Food Ingredients.
The key highlights include:
- Re-alignment of Eaststarch European joint venture
- Re-focus and re-structure SPLENDA® Sucralose to maximize returns
- Overall financial impact of Eaststarch re-alignment and sucralose re-structuring
According to Javed Ahmed, chief executive, Tate & Lyle, “By re-aligning the Eaststarch joint venture we will focus in Europe on Specialty Food Ingredients, and our Bulk Ingredients will become a predominantly North American business with strong market positions and efficient, scale assets.
“We are re-structuring SPLENDA Sucralose as a more sustainable business. Our broader Specialty Food Ingredients business has an expanding global footprint and a steady flow of new products targeted at the higher growth health and wellness space, and is well-positioned for future growth."
New Products and Ingredients
Ingredion Inc. introduced a new line of high-performing, non-GMO starches—the PRECISA® 600 starch series solutions. Utilizing Ingredion’s proprietary DIAL-IN® Texture Technology, the PRECISA 600 series is designed to help manufacturers reduce the use of costly dairy proteins in imitation cheese products, allowing manufacturers to save 15 to 25 percent of their overall formulation costs while achieving the desired properties of good melt, stretch and shred. The series features new starches with differentiated functionality, providing manufacturers with a number of solutions to address varying formulation and process needs, including better viscosity control, elasticity and spreadability; optimized firmness for shredding; a slower/faster gelling rate; and improved melting and emulsification.
Flamous Brands created Flamous Falafel Chips - the Chips Made for Hummus Dip—made with a 21-ingredient blend of herbs, spices, vegetables and legumes. They are non-GMO, vegan, gluten-free and kosher, and they have 10 times the antioxidant value than that of green tea or vegetable juice. They come in two flavors: Original Falafel and Spicy Falafel.