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| Formerly | A. E. Staley Manufacturing Company (1906–1985) Staley Continental Inc. (1985–1993) A. E. Staley Manufacturing Company (1993–2005) Tate & Lyle Ingredients Americas LLC (2005–2022) |
|---|---|
| Company type | Subsidiary |
| Industry | Process manufacturing Food processing |
| Founded | 1906 (incorporated as A. E. Staley Manufacturing Company) |
| Headquarters | Decatur, Illinois, United States |
Key people | Jim Stutelberg (CEO) |
| Products | Starches Sweeteners |
| Parent | KPS Capital Partners |
| Website | www |
Primary Products Ingredients Americas LLC (founded as A. E. Staley Manufacturing Company), also formerly known as Tate & Lyle Primary Products, is an American company that produces a range of starch products for the food, paper and other industries; high fructose corn syrup; crystalline fructose; and other agro-industrial products. The company was incorporated in 1906 as A. E. Staley Manufacturing Company by Augustus Eugene Staley.
In July 2021, Tate & Lyle announced it was spinning off Tate & Lyle Primary Products (formerly, A. E. Staley) into a new company to be known as Primary Products Ingredients Americas LLC (Primient). Tate & Lyle will maintain 50% ownership of Primient and the remaining 50% will be owned by KPS Capital Partners (including board and management control). The transaction was completed by the end of the first quarter of 2022.[1][2] In May 23, 2024, Tate & Lyle announced that it has agreed to sell its remaining interest of Primient to KPS Capital Partners for $350 million in cash. The transaction is expected to close by end of July 2024.[3]
- ^ "KPS Capital Partners To Acquire Controlling Stake In Tate & Lyle's Primary Products Business In North America And Latin America". Cision PR Newswire. July 12, 2021. Retrieved March 12, 2022.
- ^ Gelski, Jeff (April 1, 2022). "Transaction involving Tate & Lyle now complete". Food Business News. Retrieved April 4, 2022.
- ^ Gelski, Jeff (May 24, 2024). "Tate & Lyle to shed stake in Primient". World-Grain.com. Retrieved June 1, 2024.