Rogers Sugar Income Fund
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Rogers Sugar Inc. is the Canadian
holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...
of Lantic Inc., which was established in June 2008 after the merger of Lantic Sugar Limited operating in
Montreal, Quebec Montreal is the List of towns in Quebec, largest city in the Provinces and territories of Canada, province of Quebec, the List of the largest municipalities in Canada by population, second-largest in Canada, and the List of North American cit ...
and Rogers Sugar Ltd. (operating in
Western Canada Western Canada, also referred to as the Western provinces, Canadian West, or Western provinces of Canada, and commonly known within Canada as the West, is a list of regions of Canada, Canadian region that includes the four western provinces and t ...
). It is the largest refined sugar distributor in
Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...
. Established as Rogers Sugar Income Fund in October 1997, the
income trust An income trust is an investment that may hold equities, debt instruments, royalty interests or real properties. It is especially useful for financial requirements of institutional investors such as pension funds, and for investors such as retired ...
was converted to a regular corporation, Rogers Sugar Inc. in January 2011.


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 Vancouver is a major city in Western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the cit ...
as the British Columbia Sugar Refining Company in 1890 by its American-born founder, Benjamin Tingley Rogers, whose father was president of E.J. Gay’s Sugar of
New Orleans New Orleans (commonly known as NOLA or The Big Easy among other nicknames) is a Consolidated city-county, consolidated city-parish located along the Mississippi River in the U.S. state of Louisiana. With a population of 383,997 at the 2020 ...
. 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 Halifax is the capital and most populous municipality of the Provinces and territories of Canada, Canadian province of Nova Scotia, and the most populous municipality in Atlantic Canada. As of 2024, it is estimated that the population of the H ...
), 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. 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.


Facilities

The combined company operates these facilities: * Montreal cane refinery: The Montreal refinery was originally built in 1888 by St. Lawrence Sugar. A major upgrade was completed in December 2000, upgrading normal capacity to permitting the
Saint John, New Brunswick Saint John () is a port#seaport, seaport city located on the Bay of Fundy in the province of New Brunswick, Canada. It is Canada's oldest Municipal corporation, incorporated city, established by royal charter on May 18, 1785, during the reign ...
plant to close in July 2000. In February 2024, Rogers Sugar raises $110 million through an equity offering to partially finance a 20% expansion of Lantic's Montreal plant's sugar production capacity. * Vancouver cane refinery: The facility is at the
port of Vancouver The Port of Vancouver is the largest port in Canada and the fourth largest in North America by tonnes of cargo, facilitating trade between Canada and more than 170 world economies. The port is managed by the Vancouver Fraser Port Authority, whic ...
; it primarily processes imported raw sugar into sugar products. * Taber sugar beet factory: The
Taber, Alberta Taber ( ) is a town in southern Alberta, Canada that is surrounded by the Municipal District of Taber. It is approximately east of the City of Lethbridge at the intersection of Alberta Highway 3, Highway 3 and Alberta Highway 36, Highway 36. T ...
plant processes
sugar beet A sugar beet is a plant whose root contains a high concentration of sucrose and that is grown commercially for sugar production. In plant breeding, it is known as the Altissima cultivar group of the common beet (''Beta vulgaris''). Together with ...
into sugar products. It contracts with nearly 400 farmers each year to plant and grow sugar beets. *
Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...
distribution centre: The warehouse is in
New Toronto New Toronto is a neighbourhood and former municipality in Toronto, Ontario, Canada. It is located in the south-west area of Toronto, along Lake Ontario. The Town of New Toronto was established in 1890, and was designed and planned as an industr ...
at 198 New Toronto Street and it receives processed sugar by rail distributing it for the region of
Ontario Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...
. It also stores liquid sugar in tanks and is a liquid sucrose melt facility. * Toronto blending operation: The facility is in
Scarborough Scarborough or Scarboro may refer to: People * Scarborough (surname) * Earl of Scarbrough Places Australia * Scarborough, Western Australia, suburb of Perth * Scarborough, New South Wales, suburb of Wollongong * Scarborough, Queensland, sub ...
at 230 Midwest Road. It is and used for bulk dry blending services.


References


External links

*
The story of Rogers Sugar
{{Webarchive, url=https://web.archive.org/web/20150104205132/http://www.vancouverhistory.ca/archives_bcSugar.htm , date=2015-01-04 Companies listed on the Toronto Stock Exchange Food and drink companies based in Vancouver Sugar companies Canadian companies established in 1997 Food and drink companies established in 1997 Sugar industry of Canada