Rogers Sugar Explained

Rogers Sugar
Type:Public
Location:4026 Rue Notre-Dame
Montréal, Québec
H1W 2K3
Former Name:Rogers Sugar Income Fund
Key People:Dallas Ross, Chairman
Michael Walton, President and CEO
Mike Walton, COO
Jean-Sébastien Couillard, VP of Finance and CFO
Patrick Dionne, VP Operations & Supply Chain
Industry:Sugar, Sweeteners, Maple Syrup, Maple Sugar/Flakes, Maple Treats
Num Employees:700
Divisions:Lantic Sugar, Rogers Sugar, The Maple Treat Corp, Decacer
Subsid:Lantic Inc.

Rogers Sugar Inc. is the Canadian holding company of Lantic Inc., which was established in June 2008 after the merger of Lantic Sugar Limited operating in Montreal, Quebec and Rogers Sugar Ltd. (operating in Western Canada). It is the largest refined sugar distributor in Canada.[1] Established as Rogers Sugar Income Fund in October 1997, the income trust was converted to a regular corporation, Rogers Sugar Inc. in January 2011.[2]

History

The company began as two companies on both the east coast and west coast of Canada. The original Rogers Sugar company was established in Vancouver, British Columbia as the British Columbia Sugar Refining Company in 1890 by its American-born founder, Benjamin Tingley Rogers,[3] whose father was president of E.J. Gay’s Sugar of New Orleans.

Atlantic Sugar Refineries was established in 1912 from the merger of three sugar refineries, including Acadia Sugar Refining Co. (established 1893 in Halifax, Nova Scotia),[4] and later renamed as Lantic Sugar Limited. The company was owned from 1981 to 1990 by Steinberg's, a chain of supermarkets. In 1984, Lantic Sugar acquired St. Lawrence Sugar, which was formed in 1888 in Montreal.[5] Lantic Inc. was created from the merger of Rogers Sugar and Lantic Sugar on June 30, 2008.

On September 28, 2023, 135 employees at the Vancouver refinery walked off the job after issuing a 72-hour strike notice. They had been attempting to negotiate with the company for six months after their contract expired. Lantic was demanding major concessions in regards to hours worked and benefits. In 2022, the company had the highest EBITDA balance recorded its history.[6]

Facilities

The combined company operates these facilities:[7]

External links

Notes and References

  1. Web site: Investor Relations. https://web.archive.org/web/20080919032317/http://www.lantic.ca/investors/index.php?lg=en. dead. September 19, 2008. Rogers Sugar. May 10, 2011.
  2. Web site: Conversion.
  3. McDonald. Robert A. J.. Rogers, Benjamin Tingley. XIV.
  4. Web site: NovaMuse: Manufacturer: Acadia Sugar Refining Co. Ltd. [7548]]. Novamuse.
  5. Web site: The Canadian Sugar Institute. www.sugar.ca.
  6. Web site: Rogers Sugar Reports Solid Performance for the Fourth Quarter of 2022; Continued Sugar Segment Strength Drives Record 2022 Full Year Adjusted EBITDA. . Lantic Rogers.
  7. Web site: Facilities . Rogers Sugar . May 10, 2011 . dead . https://web.archive.org/web/20110625154104/http://www.lantic.ca/about-us/facilities.php?lg=en . June 25, 2011.
  8. Web site: Rogers Sugar Announces a $110 Million Equity Offering to Fund a Portion of its Sugar Capacity Expansion Project . GlobeNewswire.