Attorney General Merrick Garland’s DOJ argued that the sugar merger would raise prices at a time when global supply chains are already under pressure.
United States Sugar Corp., a Clewiston, Florida, company that markets sugar cooperatively with Red River Valley sugarbeet growers, is seeking to purchase Imperial Sugar Co., including a major refinery in the Savannah, Georgia, area. The U.S. Department of Justice on Tuesday, Nov. 23, announced it is suing to block the purchase that could increase the market share of United Sugars Corp., the Edina, Minn.-based co-op marketing company, from its current 25% market share, to 32% to 34%.
United States Sugar Corp., a Clewiston, Florida, company that markets sugar cooperatively with Red River Valley sugarbeet growers, is seeking to purchase Imperial Sugar Co., including a major refinery in the Savannah, Georgia, area. The U.S. Department of Justice on Tuesday, Nov. 23, announced it is suing to block the purchase that could increase the market share of United Sugars Corp., the Edina, Minn.-based co-op marketing company, from its current 25% market share, to 32% to 34%.
United States Sugar Corp., a Clewiston, Florida, company that markets sugar cooperatively with Red River Valley sugarbeet growers, is seeking to purchase Imperial Sugar Co., including a major refinery in the Savannah, Georgia, area. The U.S. Department of Justice on Tuesday, Nov. 23, announced it is suing to block the purchase that could increase the market share of United Sugars Corp., the Edina, Minn.-based co-op marketing company, from its current 25% market share, to 32% to 34%.
United States Sugar Corp., a Clewiston, Florida, company that markets sugar cooperatively with Red River Valley sugarbeet growers, is seeking to purchase Imperial Sugar Co., including a major refinery in the Savannah, Georgia, area. The U.S. Department of Justice on Tuesday, Nov. 23, announced it is suing to block the purchase that could increase the market share of United Sugars Corp., the Edina, Minn.-based co-op marketing company, from its current 25% market share, to 32% to 34%.