Under the agreement Tate & Lyle has acquired certain assets which include intellectual property assets and assumed selected liabilities from Nutriati.
The ingredient tech company has been providing “nutritious plant-based solutions” since 2018, which offer a “superior and premium taste”.
Its products such as Artesa Chickpea Protein and Artesa Chickpea Flour can be found in leading non-dairy, plant-based meat and gluten free brands – predominantly in North America.
The news comes after the two parties signed a distribution agreement in November 2021.
“Tate & Lyle is committed to breakthrough, innovative and sustainable plant-based solutions. This acquisition complements our existing ingredient portfolio perfectly and supports our purpose pillars of supporting healthy living and caring for our planet,” Tate & Lyle CEO Nick Hampton said.
“We look forward to fully maximising the strong functional benefits of these plant-based, chickpea derived products and offering an even wider range of fortification solutions to our customers.”
Nutriati CEO Michael Todd added: “Since establishing Nutriati, we have worked to solve taste, nutrition, functionality and sustainability challenges for the plant-based and gluten free markets.”
“With a global reach and strong focus on health and wellbeing, Tate & Lyle is very well positioned to develop this offering and I wish them all the best for the future.”