Tate & Lyle Investments Limited completed the acquisition of Quantum Hi-Tech Biological Co., Ltd. from Chempartner Pharmatech Co., Ltd..
June 08, 2022
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Tate & Lyle Investments Limited agreed to acquire Quantum Hi-Tech (Guangdong) Biological Co., Ltd. from Chempartner Pharmatech Co., Ltd. (SZSE:300149) for CNY 1500 million on March 30, 2022. Chempartner Pharmatech's board of directors approved the transaction. As November 30, 2022, Quantum Hi-Tech (Guangdong) Biological reported the Total assets of CNY 268,686,400 and Net assets of CNY 172,838,300. The management team of Quantum will join Tate & Lyle at completion. The transaction is subject to approval by the shareholders of ChemPartner. The acquisition is expected to be accretive to revenue growth and EBITDA margin for Tate & Lyle in the first year of ownership. Andrew Boyd and Chuan Sun of Morrison & Foerster (UK) LLP acted as legal advisor to Tate and Lyle.
Tate & Lyle Investments Limited completed the acquisition of Quantum Hi-Tech (Guangdong) Biological Co., Ltd. from Chempartner Pharmatech Co., Ltd. (SZSE:300149) on June 9, 2022.
ChemPartner PharmaTech Co Ltd, formerly Quantum Hi-tech China Biological Co Ltd, is a China-based company principally engaged in the research, development, production, and sales of fructooligosaccharides and other prebiotics. The Company's main products include fructooligosaccharides and galactooligosaccharides. The Company owns brands names of FOS and GOS. The Company's products are mainly used in nutrition and health products, dairy products, beverages, baked goods, functional candy and snack foods. The Company distributes its products mainly in domestic market, with South China as its main market.