Domino Foods Explained

Domino Foods, Inc.
Type:Subsidiary
Industry:Food industry
Predecessors:-->
Successors:-->
Founded:1807 as W. & F.C. Havemeyer Company
Founders:William Havemeyer, Frederick Havemeyer
Hq Location City:Yonkers, New York
Hq Location Country:United States
Area Served:United States
Products:Sugar
Owners:-->
Parent:American Sugar Refining

Domino Foods, Inc. (also known as DFI and formerly known as W. & F.C. Havemeyer Company, Havemeyer, Townsend & Co. Refinery, and Domino Sugar) is a privately held sugar marketing and sales company based in Yonkers, New York, United States, that sells products produced by its manufacturing members. DFI distributes sugar to retailers under four brand names across the U.S: Domino, C&H, Florida Crystals, and Redpath. Its namesake product, the Domino Sugar brand name, whose products are generally sold in two-tone packaging (white on top, yellow on bottom) with blue labeling text, is the best known. Domino Foods is the largest sugar company in the United States.

Domino Sugar has been a renowned brand in the United States East Coast markets for more than 100 years. The brand name, Domino, was officially adopted in 1901 by a New York–based sugar company. Later, the distinctive yellow bags of Domino Sugar became the highly recognizable packaging of granulated sugar. In recent years, the brand has expanded its portfolio of all-natural sweeteners to include agave nectar. Domino Foods owns three major U.S. refineries, located in Yonkers, New York; Baltimore, Maryland; and Chalmette, Louisiana, with a combined production capacity of 2.2 million metric tons of sugar per year.[1]

History

In 1799, William Havemeyer, who had been an apprentice of a London sugar refiner, was hired by Edmund Seaman to manage his sugar refinery in New York City. His brother, Frederick Havemeyer, joined him in 1802.[2] In 1807, the brothers opened their own sugar refining business called W. & F.C. Havemeyer Company on Vandam Street.[2] In 1859, the business moved to the waterfront in Williamsburg, and changed its name to the Havemeyer, Townsend & Co. Refinery. The company processed slave-grown sugar canes.[3] By 1864, the refinery was the most modern of its time. After a fire destroyed the refinery in 1882, the current plant was rebuilt and was the largest sugar refinery in the United States. After the Sugar Trust was ruled illegal in 1891, Henry Osborne Havemeyer and Theodore A. Havemeyer were elected as chairman and president, respectively, of the American Sugar Refining Company. In May 1896, American Sugar became one of the original 12 companies in the Dow Jones Industrial Average.[4]

The company subsequently acquired five additional sugar refineries and changed its official name to "Domino Sugar" in 1900; the name change was officially recognized by the patent office on October 8, 1901.[5] In 1916, Domino introduced individually wrapped sugar tablets.In 1970, the American Sugar Company was renamed "The Amstar Corporation".[6] In 1975, Amstar sued pizza chain Domino's Pizza for trademark infringement; Amstar won at trial but lost on appeal.[7] Amstar was acquired by Kohlberg Kravis Roberts in 1983; KKR sold Amstar to Merrill Lynch three years later.[8] [9] Domino Sugar was acquired by British company Tate & Lyle in 1988.[10]

In 2001, Domino Sugar officially changed its name to Domino Foods, Inc.[6] The same year, Domino Foods was sold by Tate & Lyle to American Sugar Refining (owned by the Florida Crystals Corporation) and the Sugar Cane Growers Cooperative of Florida in a $180 million deal[11] that was closed on November 6, 2001. Florida Crystals, a privately held company, is part of FLO-SUN, a sugar empire of the Fanjul Brothers whose origins trace to Spanish-Cuban sugar plantations of the early 19th century.

In 2009, Domino had its Domino Granulated Sugar and Florida Crystals brands certified as carbon neutral by the Carbonfund.org Foundation. It began including the foundation's CarbonFree partner logo on product packaging.[12] The certification involved carbon offsets as well as changes to the production process.[13] Some commentators noted in response that it was chemically impossible for sucrose to be free of carbon.[13] [14] [15] The company issued a statement to clarify that "CarbonFree" referred to the production process rather than the product itself, and was not the same as the phrase "carbon free".[16]

In 2012, Two Trees bought the Domino Sugar Refinery site in Williamsburg, Brooklyn, New York, for $185 million. In October 2014, several of the buildings at the site were demolished, including the Syrup Shed, the Wash House, the Turbine Room, the Power House, and the Pump House.[17] As of 2023, construction is ongoing to redevelop the refinery into a mixed-use development containing office space, commercial space, residential towers, and parkland.[18]

Additional references

Notes and References

  1. Web site: Domino Sugar - ASR Group . 1 January 2020 . American Sugar Refining.
  2. Pederson (1999)
  3. News: The hidden links between slavery and Wall Street. Thomas. Zoe. 2019-08-29. BBC News. 2019-09-02. en-GB.
  4. News: Planes . Alex . April 9, 2013 . What Happened to the First 12 Stocks on the Dow? . . live . September 15, 2019 . https://web.archive.org/web/20191111224939/https://www.fool.com/investing/general/2013/04/09/what-happened-to-the-first-12-stocks-on-the-dow.aspx . November 11, 2019.
  5. Web site: Diamond . Anna . December 19, 2017 . These Photos of the Abandoned Domino Sugar Refinery Document Its Sticky History . 19 March 2018 . . en.
  6. Web site: Sugar Products, Baking Tips, Sweet Recipes, & More - Domino Sugar . dead . 15 June 2015 . dominosugar.com . 6 September 2015 . https://web.archive.org/web/20150906041946/https://www.dominosugar.com/ .
  7. Amstar Corp. v. Domino's Pizza, Inc., 615 F.2d 252, 260 (5th Cir. 1980)
  8. News: 1983-10-22 . Amstar-Kohlberg . en-US . 34 . . 2023-04-07 . 0362-4331.
  9. News: 1986-09-19 . Amstar Sale Plan Reported . en-US . 15 . . 2023-04-07 . 0362-4331.
  10. Web site: Henry . Kristine . 2001-06-19 . Profits sour, Domino Sugar for sale . 15 June 2015 . The Baltimore Sun.
  11. Web site: Berk . Michele . November 6, 2001 . Domino Sugar sale closes . 15 June 2015 . Baltimore Business Journal.
  12. Domino debuts CarbonFree sugar line. Food Business News. 2009. 5. 45. 28 December 2020.
  13. News: Offsets gone wild: Domino's Certified Carbonfree Sugar!. Joe. Romm. Joe Romm. ThinkProgress. May 3, 2009. December 28, 2020.
  14. News: A River in Egypt. James. Taranto. James Taranto. Wall Street Journal. September 14, 2012. December 28, 2020.
  15. News: Carbon Free Sugar?. Ronald. Bailey. Ronald Bailey. Reason. September 17, 2012. December 28, 2020.
  16. , citing Web site: Q&A. Domino Sugar. https://web.archive.org/web/20091019133008/https://www.dominosugar.com/carbonfree/faq.html. October 19, 2009. December 28, 2020.
  17. Web site: Domino Sugar Factory Brooklyn - Two Trees Management Domino. 20 October 2014. The Real Deal New York. 15 June 2015.
  18. Web site: Cuozzo . Steve . May 24, 2016 . Brooklyn's waterfront future starts with Domino Sugar site . live . https://web.archive.org/web/20200621030211/https://nypost.com/2016/05/23/brooklyns-waterfront-future-starts-with-domino-sugar-site/ . June 21, 2020 . June 18, 2020 . New York Post . en-US.