USA: Imperial Sugar may seek protection under US Bankruptcy Code
The largest sugar company in the US has admitted that financial worries may lead it to seek protection under the US Bankruptcy Code, in a bid to buy time to sort itself out. Imperial Sugar has seen its profits slashed after a global sugar glut led to falling prices, and the situation came to head when it became apparent that there was no way it could afford an interest payment of US$12.2m due on 15 December, on US$250m in senior subordinated notes.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- US food next wave on display at Winter Fancy Food
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- CAGNY analysis: Danone's growth strategy
- Wessanen eyes growth in "resurgent" organic market
- Unilever launches operational review
- Glanbia focuses on nutrition with Irish dairy spin
- Bonduelle to buy US produce group Ready Pac Foods
- Mondelez launches savoury snacks brand Vea
- Maple Leaf buys US plant-based group Lightlife