date:Jul 18, 2013
Tate Lyle, P.L.C. has signed an agreement with Xuzhou Yitong Food Industry Co., Ltd. to form a sino-foreign joint venture through the acquisition of a 51% equity interest in Jiangsu Howbetter Food Co. Ltd., a food systems business in China. Howbetter provides stabilizer systems and ingredient blends for customers across China, mainly those in the dairy and beverage categories.
Howbetter operates a blending facility in Suqian, China, and has application laboratories in the nearby city of Xuzhou