Food and drink manufacturer Tate & Lyle saw robust growth in volume sales and profits in the year to 31 March.

Announcing its full year results, the company reported Ebitda up by 4%, with a 200-point improvement in margin.

Originally a producer of sugar, Tate & Lyle has expanded and diversified. Last year, it acquired nature-based ingredients brand CP Kelco.

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“Over the last seven years, we have been executing a major strategic transformation to make Tate & Lyle a growth-focused speciality food and beverage solutions business aligned to growing, long-term consumer trends for healthier, tastier and more sustainable food and drink,” said Tate & Lyle chief executive Nick Hampton.

“With the acquisition of CP Kelco in November 2024, this transformation is complete.”

“As an expert in reformulation, taking sugar, calories and fat out of food and adding fibre and protein, we are leaders in helping customers improve the nutritional balance of food. We are exactly where we want to be – right at the centre of food.”

Revenue from new products increased by 9% over the year to £1.7bn, a figure which includes the CP Kelco operation from November 2024.

The group says its outlook for the current year is positive, and says that its regional production model means it is well-placed to serve global consumers. However, it has warned that uncertainty around tariffs has led to increased costs, particularly for products that move between the US and China.