KPS Capital Partners to Acquire Tate & Lyle’s Remaining 49.7% Interest in Primient for $350 Million
May 23, 2024
KPS Capital Partners entered into a definitive agreement to acquire Tate & Lyle PLC’s remaining 49.7% ownership interest in Primary Products Investments LLC (Primient) for $350 million. The transaction is expected to close by the end of July 2024, subject to customary approvals and closing conditions.
- Buyers
- KPS Capital Partners, LP
- Targets
- Primary Products Investments LLC (Primient)
- Sellers
- Tate & Lyle PLC
- Industry
- Food & Beverage
- Location
- United States
- Transaction Type
- Buyout
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