Welcome

Louis Dreyfus Strikes Deal to Sell Imperial Sugar to U.S. Sugar

March 24, 2021, 3:44 PM

Foodstuffs trader Louis Dreyfus Co. said it struck a deal to sell its Imperial Sugar unit to closely-held U.S. Sugar.

Rotterdam-based Dreyfus, one of the world’s top five sugar traders, said the proposed deal is expected to close later this year and won’t impact its other sugar merchandising operations, according to a company statement released Wednesday.

Financial terms of the proposed transaction with Clewiston, Florida-based U.S. Sugar weren’t disclosed.

Dreyfus acquired Imperial Sugar in 2012. The unit currently operates a cane sugar refinery at Port Wentworth in Savannah, Georgia and a sugar transfer and liquification facility in Kentucky. It sources ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.