Announced
Completed
Financials
Tags
Sugar
Majority
Private
Single Bidder
Domestic
sugar production
Friendly
United States
Acquisition
Completed
Synopsis
US Sugar, a privately owned agricultural business, completed the acquisition of Imperial Sugar Company, a major US sugar producer and marketer based in Sugar Land, Texas, from Louis Dreyfus, a global merchant firm, for $315m. "Imperial Sugar has a strong company heritage and looks forward to joining the US Sugar family. I am confident that the move will create production, logistics and supply chain synergies and efficiencies that will benefit both companies and our customers, as we continue to bring them the quality products and brands they know and expect," Mike Gorrell, Imperial Sugar President and CEO.
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