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offered by outside parties. Employees alleged that the Gaylon
Lawrence family agro-conglomerate offered $ 293 per share for the company twice, once in August 2005 and in January 2007. The Company stated that the offer (approximately $ 500 million) was well below market value—which was proved to be the case when the State of Florida publicly offered to buy US Sugar for $ 2 billion in 2008.
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According to the
Florida Sugarcane League, sugarcane farming has a $ 3.2 billion impact and supports more than 12,500 jobs. With more than 2,500 employees, U.S. Sugar is one of the "largest agribusiness employers in the Everglades region." However, sugarcane in the United States remains nearly twice
485:
After C.S. Mott died in 1973, C.S. Harding Mott, his son, took over as chairman of the corporation. With sugar at 60 cents a pound in the 1970s and purchasers switching to corn syrup, the company expanded into other areas of farming including cattle, citrus and vegetables. In 1980, the U.S. acquired
512:
In
February 2008, the corporation, CEO Robert Buker, Chairman William S. White and his family and Charles Stewart Mott Foundation were sued by employees claiming that they were not getting full value for the ESOP stock given two bids for the company stock for amounts more than ESOP redemption were
508:
Big sugar moved in the early 1990s to mechanical cane harvesters. The displaced cane field workers filed a class action lawsuit in which the company paid $ 5 million plus in 1998. In 2004, U.S. Sugar closed a mill and laid off workers. Its Bryant mill was closed in 2007.
452:
U.S. Sugar is considered in South
Florida along with Florida Crystals and the 54-member Sugar Cane Growers Cooperative of Florida known as Big Sugar. The company is one of the largest job providers in the Glades region of Florida, employing more than 2,500 employees.
967:
Bussey, Jane, Morgan, Curtis (November 16, 2008). "Land deal could lift U.S. Sugar's sagging fortunes: Is it a buyout or a bailout? Either way, a pending deal to sell land to the state for
Everglades restoration could reverse Big Sugar's flagging finances",
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limited the shares that private family foundations could hold of a corporation, the foundation gave a large number of shares to the Mott
Children's Health Center, a Flint, Michigan, charitable medical organization founded in 1939, to be below the 35% limit.
490:(ESOP) in an attempt to go private. U.S. Sugar borrowed millions in long-term debt to create the ESOP. Some shareholders did not sell out believing the price per share to be too low triggering a class action lawsuit.
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purchased assets near
Clewiston, Florida from a 1920s bankrupt sugarcane company, Southern Sugar Company, to form the United States Sugar Corporation. In the 1940s, U.S. Sugar was charged with slavery violation.
529:, announced the state was in negotiations to buy 187,000 acres (760 km) of land and all of its manufacturing and production facilities for an estimated $ 1.7 billion from the company as part of the
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The ESOP and Mott group of owners in
October 1987 offered $ 80 per share for the other 110,000 voting shares held by 500 public shareholders. This took the company private and reduced its reporting costs.
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In 1962, the company opened the Bryant Sugar House, which at the time was the largest and most advanced sugarcane processing mill in the world. The mill had a capacity of 5,000 tons of sugarcane per day.
648:"Sale of U.S. Sugar land near Florida Everglades could mean millions to local charities; C.S. Mott Foundation, Mott Children's Health Center and Community Foundation of Greater Flint all could benefit"
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South Bay
Growers. South Bay Growers produced 13% of the US's leafy vegetables growing lettuce, celery and others. In late 1985, U.S. Sugar began planting orange trees. In 1983, the company formed an
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Most of South Bay
Growers was closed down on September 4, 1994, after four out of five prior years of losses including 10 million in 1994. South Bay's salad processing plant with customers like
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to remain in production. Critics of the revised plan say that it ensures sugarcane will be grown in the Everglades for at least another decade.
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as expensive per pound as in other developed countries due to the failure the industry would face without government subsidies.
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state. In November 2008, the agreement was revised to offer $ 1.34 billion, allowing sugar mills in
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1049:"The U.S. Spends $ 4 billion a year subsidizing 'Stalinist-style' domestic sugar production"
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622:"Mott Foundation Gives Environmental Grants While Destroying the Environment, Critics Say"
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Cave, Damien (November 12, 2008). "Everglades Deal Shrinks to Sale of Land, Not Assets",
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Please help update this article to reflect recent events or newly available information.
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and 146 employees would continue to operate while seeking new ownership.
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903:"Florida to buy 187,000 farmland acres to preserve Everglades"
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In October 2010 the company sold 26,800 acres of land to the
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929:"Florida to Buy Sugar Maker in Bid to Restore Everglades"
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in the United States by volume, producing over 700,000
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Environmental Impact of the Big Cypress Swamp Jetport
141:, and by adding encyclopedic content written from a
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772:Durkin, Barbara J.; Altaner, David (May 12, 1989).
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Company's pension fund and employees (40% estimate)
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437:per year. The company is also a large producer of
1005:"U.S. Sugar Corp. (Environmental Stewardship)"
551:for the "River of Grass" Restoration Project.
1230:Ten Thousand Islands National Wildlife Refuge
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8:
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927:Damien Cave; John Holusha (June 24, 2008).
64:Learn how and when to remove these messages
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576:Draining and development of the Everglades
461:In 1931, industrialist and philanthropist
355:Community Foundation of Greater Flint (6%)
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1332:Comprehensive Everglades Restoration Plan
774:"C.S. Harding Mott, Lead U.S. Sugar Corp"
531:Comprehensive Everglades Restoration Plan
179:Learn how and when to remove this message
161:Learn how and when to remove this message
1220:Florida Panther National Wildlife Refuge
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1352:South Florida Water Management District
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1210:Fakahatchee Strand Preserve State Park
871:Pounds, Marcia H. (October 10, 1987).
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122:contains content that is written like
27:Agricultural business based in Florida
803:Walsh, Mary Williams (May 29, 2008).
469:Mott later transferred shares to his
7:
1427:Sugar companies of the United States
1225:Loxahatchee National Wildlife Refuge
983:"U.S. Sugar Corp. (Company History)"
845:. Tribune Publishing. Archived from
780:. Tribune Publishing. Archived from
746:. Tribune Publishing. Archived from
620:Funcheon, Deirdra (March 1, 2016).
346:Mott Children's Health Center (22%)
120:This article's Environment section
684:"Workers, retirees sue U.S. Sugar"
682:Blum, Vanessa (February 1, 2008).
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405:. The company farms over 230,000
45:This article has multiple issues.
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873:"U.s. Sugar Wants To Go Private"
429:. It is the largest producer of
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837:McCabe, Robert (July 7, 1994).
601:U.S. Sugar 148 steam locomotive
572:the railway run by the company.
471:Charles Stewart Mott Foundation
350:Charles Stewart Mott Foundation
53:or discuss these issues on the
1368:The Everglades: River of Grass
901:Schor, Elana (June 24, 2008).
738:Clary, Mike (April 25, 2004).
214:Headquarters of U.S. Sugar in
1:
1195:Big Cypress National Preserve
646:Mickle, Bryn (July 3, 2008).
591:Restoration of the Everglades
570:South Central Florida Express
488:Employee stock ownership plan
839:"South Bay Growers To Close"
626:New Times Broward-Palm Beach
521:On 24 June 2008, Florida's
256:; 93 years ago
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1452:Palm Beach County, Florida
1437:Companies based in Florida
1327:Burmese pythons in Florida
710:"U.S. Sugar Corp. (About)"
246:Southern Sugar Corporation
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1347:Friends of the Everglades
1205:Corkscrew Swamp Sanctuary
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84:This article needs to be
1169:Marjory Stoneman Douglas
1133:Everglades National Park
1123:Draining and development
1026:Florida Sugarcane League
368:Southern Gardens Citrus
1447:Glades County, Florida
1442:Hendry County, Florida
1432:Agriculture in Florida
1200:Biscayne National Park
475:Tax Reform Act of 1969
391:U.S. Sugar Corporation
194:U.S. Sugar Corporation
1342:Everglades Foundation
1113:Geography and ecology
393:is a privately owned
143:neutral point of view
1362:Ten Thousand Islands
1251:Caloosahatchee River
879:. Tribune Publishing
740:"A Bittersweet Tale"
690:. Tribune Publishing
463:Charles Stewart Mott
273:Charles Stewart Mott
18:US Sugar Corporation
1393:Category:Everglades
1266:Indian River Lagoon
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135:promotional content
1174:Arthur R. Marshall
1066:U.S. Sugar Website
956:The New York Times
934:The New York Times
809:The New York Times
397:business based in
296:William S. White (
284:Clewiston, Florida
216:Clewiston, Florida
137:and inappropriate
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1281:Lake Worth Lagoon
1118:Indigenous people
1007:. U.S. Sugar Corp
985:. U.S. Sugar Corp
712:. U.S. Sugar Corp
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1179:Garald G. Parker
1164:Hamilton Disston
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1009:. Retrieved
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987:. Retrieved
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843:Sun Sentinel
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778:Sun Sentinel
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395:agricultural
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364:Subsidiaries
279:Headquarters
237:Agricultural
223:Company type
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133:by removing
129:Please help
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47:Please help
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1291:Shark River
1261:Florida Bay
1154:Guy Bradley
1128:Restoration
654:. MLive.com
517:Environment
503:Burger King
473:. When the
243:Predecessor
96:August 2017
1421:Categories
1374:U.S. Sugar
1102:Everglades
1037:U.S. Sugar
972:(Florida).
607:References
586:H-2 Worker
581:Everglades
499:McDonald's
443:sweet corn
427:Palm Beach
323:sweet corn
292:Key people
131:improve it
50:improve it
542:Clewiston
538:marshland
431:sugarcane
399:Clewiston
151:July 2018
56:talk page
1310:See also
958:, p. 16.
940:June 24,
912:June 25,
907:Guardian
716:June 25,
564:See also
523:Governor
411:counties
380:.ussugar
311:Products
298:chairman
233:Industry
883:May 31,
853:May 31,
819:May 31,
788:May 31,
754:May 31,
694:May 31,
658:May 31,
631:May 31,
555:Economy
535:natural
457:History
447:oranges
403:Florida
373:Website
328:oranges
269:Founder
259: (
251:Founded
227:Private
86:updated
1147:People
435:tonnes
425:, and
423:Martin
419:Glades
415:Hendry
337:Owners
407:acres
352:(19%)
1013:2012
991:2012
942:2008
914:2008
885:2018
855:2018
821:2018
790:2018
756:2018
718:2008
696:2018
660:2018
633:2018
501:and
445:and
382:.com
261:1931
254:1931
413:of
378:www
304:CEO
1423::
931:.
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893:^
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863:^
841:.
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726:^
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668:^
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421:,
417:,
401:,
59:.
1094:e
1087:t
1080:v
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