Michigan Sugar completes purchase of Monitor Sugar
Rural Cooperatives, Nov-Dec, 2004 by Dan Campbell
Michigan Sugar has completed the purchase of former rival Monitor Sugar for about $40 million. The company now becomes the nation's third largest sugar beet cooperative, with sales of about $300 million annually.
Michigan Sugar became a co-op in 2002, when producers organized to buy the operation from Texas-based Imperial sugar. Co-op leaders say the combined company will offer many improved operating efficiencies. The co-op will now have about 1,250 grower-members, 500 permanent employees and 1,800 seasonal workers.
COPYRIGHT 2004 U.S. Department of Agriculture, Rural Business - Cooperative Service
COPYRIGHT 2005 Gale Group
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