Rogers Sugar

Last updated
Rogers Sugar
FormerlyRogers Sugar Income Fund
Company type Public
TSX:  RSI
IndustrySugar, Sweeteners, Maple Syrup, Maple Sugar/Flakes, Maple Treats
Headquarters4026 Rue Notre-Dame
Montréal, Québec
H1W 2K3
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
Number of employees
700
Divisions Lantic Sugar, Rogers Sugar, The Maple Treat Corp, Decacer
Subsidiaries Lantic Inc.
Website www.lanticrogers.com
Rogers Sugar refinery in Vancouver Rogers Sugar Refinery (8110978015).jpg
Rogers Sugar refinery in Vancouver
A bag of Rogers Sugar Rogers sugar.JPG
A bag of Rogers Sugar

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, QC (Eastern Canada) 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 named Rogers Sugar Inc. in January 2011. [2]

Contents

History

The merged entity of today initially began as separate companies on both the east coast and west coast of Canada. The original Rogers Sugar company was established in Vancouver 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), [4] [5] and later renamed as Lantic Sugar Limited. The company was owned from 1981 to 1990 by Steinberg's. In 1984, Lantic Sugar acquired St. Lawrence Sugar, which had been established 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 employer for six months after their contract had expired. The employer was demanding major concessions in terms of hours of work and benefits. The previous year had the highest EBITDA balance recorded in the company's history. [6]

Facilities

Lantic Sugar plant in Montreal Sucre Lantic.JPG
Lantic Sugar plant in Montreal

The combined company operates the following facilities: [7]

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References

  1. "Investor Relations". Rogers Sugar. Archived from the original on September 19, 2008. Retrieved May 10, 2011.
  2. "Conversion".
  3. McDonald, Robert A. J. (1998). "Rogers, Benjamin Tingley". In Cook, Ramsay; Hamelin, Jean (eds.). Dictionary of Canadian Biography . Vol. XIV (1911–1920) (online ed.). University of Toronto Press.
  4. "NovaMuse: Manufacturer: Acadia Sugar Refining Co. Ltd. [7548]". Novamuse.
  5. 1 2 "The Canadian Sugar Institute". www.sugar.ca.
  6. "Rogers Sugar Reports Solid Performance for the Fourth Quarter of 2022; Continued Sugar Segment Strength Drives Record 2022 Full Year Adjusted EBITDA" (PDF). Lantic Rogers.
  7. "Facilities". Rogers Sugar. Archived from the original on June 25, 2011. Retrieved May 10, 2011.
  8. "Rogers Sugar Announces a $110 Million Equity Offering to Fund a Portion of its Sugar Capacity Expansion Project". GlobeNewswire.