Ingredion to Acquire Tate & Lyle for $3.5B; Q2 Net Income $114M

Ingredion Inc. announced an agreement to acquire Tate & Lyle PLC for approximately $3.5 billion, with completion expected in the second half of 2027. The company also completed the divestiture of 51% of its Pakistan business for $165 million, recognizing a $44 million net gain. For the second quarter of 2026, net sales increased slightly to $1.85 billion, but net income attributable to Ingredion decreased to $114 million from $196 million in Q2 2025, with diluted EPS falling to $1.78. The quarter saw increased restructuring charges and financing costs.