Tate & Lyle to spend US$26M to establish food innovation center in Hoffman Estates, Illinois, with US$15M of state support; company will close existing Decateur facility

Philip Goldsmith

Philip Goldsmith

SPRINGFIELD, Illinois , October 20, 2010 () – Illinois will spend more than $15 million to help an established company stay in the state.

The investment package from the Department of Commerce and Economic Opportunity means Tate & Lyle PLC, a provider of speciality food ingredients, will move from Decatur to Hoffman Estates.

The company will set up a "commercial and food innovation center" there. DCEO director Warren Ribley calls the move from Decatur "unfortunate" but says the company will invest $26 million, stay in Illinois with 300 jobs and create 20 new ones.

Hoffman Estates will be global headquarters of the "innovation and commercial development group" and regional headquarters for speciality food ingredients in North America.

A total of 160 jobs will be located in the Chicago suburb and the center will open by the end of 2011.

AS-image © 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.