Originally Posted by halfpint

Not so good for the UK as we loose another one of our industries to another country but still good news and proves that there is still money about ..thats if you are a big boy

Tate & Lyle has announced a deal to sell its sugar business to American Sugar Refining for £211m in cash.

Although Tate and Lyle were making a profit it was down from prevoius months

"The group reported pre-tax profits of £229m for the year to March, down from the £247m it made a year earlier"

The companys net debt stood at £814m

So there you go the US is about to own a very old name in the sugar industries