Ingredion has proposed a £2.74 billion takeover of Tate & Lyle, aiming to expand its global food ingredient solutions and specialty product portfolio.
The leadership transition comes at a time when the European baking sector is navigating major shifts related to sustainability, food innovation, supply chain resilience, and changing consumer expectations.
The new product line marks a format innovation for the 128-year-old family-owned business, combining the company’s traditional all-butter shortbread recipe with chunky inclusions, packaged in bite-sized pieces and resealable sharing tubs.
The company says the new machine represents a significant step forward in improving efficiency, hygiene, and product consistency for large-scale bakeries producing bread, buns, rolls, and specialty dough products.
The new product combines Fox’s Chocolatey’s signature chocolate-coated biscuit with a shortcake base and smooth matcha cream filling, tapping into the increasing popularity of matcha across food and beverage categories.