Domino Sugar parent completes acquisition

American Sugar Refining buys Tate & Lyle's European business

September 30, 2010|By Hanah Cho, The Baltimore Sun

The parent company of Domino Sugar, whose iconic sign lights up at the Inner Harbor in Baltimore, said Thursday it completed its acquisition of Tate & Lyle PLC's European sugar refining business.

American Sugar Refining Inc., which owns the Baltimore sugar refinery, announced the $314 million deal in July. Under the transaction, ASR bought cane sugar refineries in London and Lisbon as well as the license to use the Tate & Lyle sugar brand.

American Sugar Refining markets its products under the Domino, C&H and Redpath brands.

The company is owned by Florida Crystals Corp. and the Sugar Cane Growers Cooperative of Belle Glade, Fla.

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