Tate & Lyle Acquires Chinese Polydextrose Fiber Producer

British food ingredients supplier Tate & Lyle PLC announced it is acquiring China’s Winway Biotechnology Nantong Co. Ltd, a producer of polydextrose specialty fiber. Polydextrose is a low-calorie bulking agent and dietary fiber. The acquisition provides Tate & Lyle with “an excellent platform” for accelerating the growth of its specialty fibers business in Asia Pacific. Tate & Lyle said it will invest in the factory and laboratories in Nantong (Jiangsu Province) over the next two years to expand capacity. The Nantong factory will be the company’s third polydextrose facility. The transaction is subject to governmental approval which is expected later in the year.