Louisiana Sugar Refining, LLC (LSR) has had a shift in ownership.
Cargill and Sugar Growers and Refiners, Inc., (SUGAR) each have a 50% interest in the million-ton-per-year sugar refinery, after the two companies acquired all of Imperial Sugar’s interest in LSR.
Previously, LSR was owned in equal 1/3 shares by Cargill, Imperial Sugar Company and SUGAR.
"The new partnership marries Cargill's 140 years of food industry expertise with the Louisiana sugar farmers' 200 years of collective wisdom in growing and milling sugar cane," says Red Geurts, LSR general manager and ceo. "As we are in the process of starting up the newest sugar refinery in the industry, 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."
SUGAR is a Louisiana cooperative representing eight sugar cane mills and more than 780 members of the Louisiana sugar industry.
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services.