Imperial Sugar
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Imperial Sugar NASDAQ: IPSU is a major U.S. sugar producer and marketer based in Sugar Land, Texas with refining operations in California, Georgia, and Louisiana.
The company has, since its inception, been headquartered in Sugar Land; the town itself is named for the company and the company's crown logo is featured in the city's seal. The company claims to be the oldest continuously operating business in Texas with roots going back to 1843. Up until 1988 the company had only one plant, at its original location in Texas, when they purchased the Holly Sugar Corporation—a beet processor headquartered in Colorado Springs. Since that initial acquisition the company has made several more that effectively doubled the corporation's size each time.
On January 17, 2001, the company filed Chapter 11 bankruptcy protection, attributing its problems to lower sales for refinded sugar as well as higher energy costs. Then on August 29, 2001, the company emerged from Chapter 11 and has since turned its focus inward as it downsizes its operations. In 2003, Imperial won the Wharton Infosys Business Transformation Award for their innovative use of web technology to help turn around their business.
The company no longer refines sugar at its original plant in Sugar Land (the facility was closed in 2003) but their corporate headquarters are still located in its founding city.
Imperial sells sugar under its own brand name as well as Dixie Crystals, Spreckels, Pioneer, Holly, Diamond Crystal, and Wholesome Sweeteners brands.
[edit] External links
- Imperial Sugar Company
- Imperial Sugar Company from the Handbook of Texas Online