Tate & Lyle has bypassed a shareholder vote over the acquisition of US ingredients maker CP Kelco in response to new Financial Conduct Authority rules.

The food and beverage supplier said that a vote over the Kelco takeover deal will no longer take place among its investors due to the new regulations.

The move comes after London-listed food and beverage manufacturer announced a £1.4bn takeover of the Atlanta-based food business from its current owners, J.M. Huber Corporation, in June.

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Speaking at the time, Tate & Lyle CEO Nick Hampton said the deal would accelerate growth.

Hampton said: “A combination with CP Kelco is the perfect fit with Tate & Lyle’s growth-focused strategy and purpose.

“It significantly strengthens our Sweetening, Mouthfeel and Fortification platforms, enhances our solutions capabilities across our four core categories, and unlocks new growth opportunities. Together, we will have a compelling customer proposition.”