25 Mar 2021 --- Louis Dreyfus Company (LDC) has entered into a definitive agreement to sell the business and assets of port refiner Imperial Sugar Company to U.S. Sugar, a privately held agri-business based in Clewiston, Florida, US. LDC purchased Imperial Sugar in 2012 for US$78 million. The company’s refinery capacities will supplement U.S. Sugar farms’ 200,000 acres (80,940 hectares) of farmed sugar cane and its large milling and refining installation in Florida.The transaction is expected to close in 2021, subject to regulatory approvals and customary closing conditions.
