LONDON — Shareholders of Tate & Lyle PLC on July 28 voted to approve the recommended cash acquisition of the London-based company by Ingredion, Inc., Westchester, Ill. Nearly 99% of the votes were for the acquisition.

“Today marks an important milestone toward establishing a global leader in ingredient solutions that will help create the future of food,” said James P. Zallie, president and chief executive officer of Ingredion.

Ingredion’s offer to acquire Tate & Lyle for approximately $3.71 billion became public on May 14. Once the transaction is completed, the combined company will have annual sales of nearly $10 billion.

Regulatory review and clearance continue, according to Ingredion, which will operate as a separate business from Tate & Lyle until the transaction is completed, which is expected in the second half of 2027. 

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