Wednesday December 21, 2011

Cargill Acquires Half Of Sugar Refiner

Gramercy, LA — Louisiana Sugar Refining, LLC (LSR) has been acquired by Cargill, Inc. and Sugar Growers and Refiners, Inc. (SGR) from the Imperial Sugar Co.

Cargill and SGR will each have a 50 percent interest in the million-ton-per-year sugar refinery, according to LSR. Previously, Cargill, SGR and Imperial owned the refiner in equal shares.

Red Geurts, LSR general manager and CEO, says: “It's very exciting to know we have two very strong partners with a shared vision of making the Louisiana cane sugar industry a strong and vibrant supplier of sugar to the food industry and consumers in the U.S.”