U.S. Sugar will buy the business and assets of Imperial Sugar, in a transaction that will help increase its marketing reach to consumers.
The deal will include Imperial Sugar’s refinery in Savannah, Ga., and a transfer and liquefaction facility in Ludlow, Ky. Terms of the transaction were not disclosed. It is expected to close in the second half of this year, following a review for antitrust issues.
U.S. Sugar is buying Imperial Sugar from Louis Dreyfus Co., a Holland-based commodity exporter. Dreyfus bought Imperial in 2012 for $78 million.
U.S. Sugar markets cane sugar through a partnership with United Sugars Corp., which also markets well-known brands like Crystal Sugar. United Sugars will market Imperial’s products once the transaction is complete.