Tate & Lyle has sold its Canadian business, Redpath, to American Sugar Refining for £132m.

In the year to 31 March, Redpath had total sales of £177m and a pre-tax profit of £18m.

“The sale of Redpath marks another important step in focusing Tate & Lyle's business on its value added strategy,” said Iain Ferguson, chief executive of Tate & Lyle.