U.S. Sugar said in a statement that it was "pleased that today’s court ruling will allow our acquisition of Imperial Sugar to proceed as planned, enabling us to increase our sugar production, enhance the local Georgia economy and benefit our employees and customers.”
The Justice Department has said U.S. Sugar, which operates a large refinery in Florida, sells all of its sugar through a marketing cooperative known as the United Sugars Corporation. Imperial Sugar operates a refinery in Savannah, Georgia, and a sugar transfer and liquidation facility in Ludlow, Kentucky.
The companies announced the acquisition in March, saying that it would return Imperial Sugar to all-American ownership. Imperial Sugar is a subsidiary of Louis Dreyfus Company, which is headquartered in the Netherlands. The Justice Department says Imperial Sugar’s revenues were over $700 million in 2020.