Food ingredients maker Tate & Lyle exploring separation of two businesses

FILE PHOTO: The logo of Tate & Lyle compagny is seen on their European Innovation Centre in Villeneuve d’Ascq, France, September 26, 2018. REUTERS/Pascal Rossignol

(Reuters) – British food ingredients maker Tate & Lyle confirmed on Sunday it was exploring a sale of a controlling stake in its primary products business and also separate its food and beverage solutions operations.

“Discussions with potential new partners in the Primary Products business are at an early stage,” the company said in a statement here on its website.

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