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Michigan Sugar history
Michigan Sugar company history timeline
In 1906, the Sugar Trust consolidated most of its Michigan holdings into one company, the Michigan Sugar Company, reviving the name of the first company to construct a sugar factory in Michigan.
By 1906, thanks in part to Robert Kedzie and to dozens of town leaders across the state who were willing to accept desperate measures to save their dying communities, the state’s beet sugar industry had evolved into three basic groups that would remain largely unchanged during the next 100 years.
Eighteen years after its founding, Michigan Sugar, in 1924, added two additional factories to the corporate roster when beet sugar factories in Owosso and Lansing joined the company.
Charles Warren assumed the presidency of Michigan Sugar Company, a position he held until 1925.
However, from 1937 until the present time, Caro reported steady improvement in terms of modernization and expansion.
HOWELL, James, A History of the Caro Plant of the Michigan Sugar Company, an unpublished account of the Caro Factory history, May 1, 1948
Twenty-four years later, in 1948, Michigan Sugar acquired the Mount Pleasant factory in a move calculated to acquire acreage allotments mandated under 1948 federal legislation.
Daniel Gutleben, in his The Sugar Tramp-1954 reported the receipt of a telegram by the organizing committee at Caro announcing that investment capitalists had invested in the factory and had awarded Wernicke the contract for its construction.
In 1961, an opportunity presented itself to Albert Flegenheimer to become a majority shareholder in Michigan Sugar Company as the Pitcairn Company was looking to sell its stock interest in the company.
Monitor Sugar Company was acquired in 1982 by Barlow-Rand, Johannesburg, South Africa.
In June 1984, Michigan Sugar Company was acquired by Savannah Foods & Industries of Savannah, Georgia, the second largest company in the sugar industry.
In 1985, Michigan Sugar acquired Northern Ohio Sugar Company with a plant in Fremont, Ohio, and a distribution facility in Findlay, Ohio.
In 1997, Imperial Sugar Company of Sugar Land, Texas, made a highly leveraged acquisition of Savannah Foods & Industries and its subsidiaries.
16, 2001, Imperial Sugar (and all of its subsidiaries), unable to pay its massive debt, filed Chapter 11 bankruptcy.
In 2004, Monitor Sugar Company was offered for sale by its parent company, Illovo Sugar Company of Durban, South Africa.
Today, the combined factories, each of them examples of modern extraction technology, possess a beet slicing capacity of 22,000 tons per day (not including Carrollton where production was suspended in 2005) and an ability to produce more than a billion pounds of sugar each year.
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Michigan Sugar competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Southern Minnesota Beet Sugar Cooperative | 1972 | $230.0M | 610 | - |
| Imperial Sugar | 1843 | $848.0M | 15 | - |
| Domino Foods | 1807 | $1.4B | 3,000 | 9 |
| Gaco Western | 1955 | $17.0M | 300 | - |
| Western Sugar Cooperative | 1901 | $260.0M | 650 | 34 |
| Producers Rice Mill | 1943 | $3.5M | 12 | - |
| American Walnut | - | $670,000 | 50 | - |
| Gilman Building Products LLC | 1972 | $220.0M | 999 | - |
| Central Steel & Wire | 1909 | $620.0M | 3,000 | - |
| Zirkle Fruit Co | 2021 | $151.0M | 7 | 2 |
Michigan Sugar history FAQs
Zippia gives an in-depth look into the details of Michigan Sugar, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Michigan Sugar. The employee data is based on information from people who have self-reported their past or current employments at Michigan Sugar. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Michigan Sugar. The data presented on this page does not represent the view of Michigan Sugar and its employees or that of Zippia.
Michigan Sugar may also be known as or be related to Michigan Sugar, Michigan Sugar Co, Michigan Sugar Co. and Michigan Sugar Company.