C&H Now Part of the World's Largest

Who would have guessed a few years ago that C&H would be part of the world's premier cane sugar refinery. With the acquisition of Tate and Lyle (world's oldest) by ASR (owned by Florida Crystal), C&H provides a dream world for someone who dwells in the milieu of local Crockett history.

American Sugar Refining to Acquire Tate & Lyle's European Sugar Operations

YONKERS, N.Y., July 1 /PRNewswire/ -- American Sugar Refining (ASR), North America's largest cane sugar refiner, signed an agreement to acquire Tate & Lyle PLC's European cane sugar operations.

Tate & Lyle is the leading cane sugar producer in the European Union. The acquisition of its refineries in London, England, and Lisbon, Portugal, increases ASR's total refining capacity to six million metric tons per year. The 211 million pounds Sterling ($318 million) acquisition includes a license for use of the distinguished Tate & Lyle brand in connection with the sale of sugar.

C & H Sugar May Benefit from this deal

With the demise of US Sugar, the C&H brand and the Domino brand will own the cane sugar market in the US. Now if the Congress would allow the importation of ethanol from Brazil, (but thats too much to ask)


Blockbuster land deal faces many obstacles: "On the other hand, another potential roadblock may be easing: Gaston Cantens, spokesman for the Fanjul family's Florida Crystals Corp., said the company now sees the U.S. Sugar buyout as a chance to acquire an even bigger share of the market.
Florida Crystals owns 31,000 acres in the district's proposed water pathway, which means the state would have to swap part of the U.S. Sugar property for the Fanjul-owned tracts.
'We see it as a positive for everyone,' Cantens said, adding: 'We are comfortable the state is committed to maintaining farming in the area"

DR is Great at this time of the Year

First president Bush to pay 7th visit to Dominican resort
SANTO DOMINGO. - Former United States president George H. Bush will arrive in the country this week for his seventh visit to a Dominican resort, said the newspaper Listin Diario.
It was unofficially reported that Bush, accompanied by his wife Barbara, will vacation and visit some friends in the resort in the city La Romana (east).
A source told Listin that Bush will stay in one of the villas in the resort Casa de Campo, where he’s been previously hosted by Central Romana executive Jose (Pepe) Fanjul and Venezuela mogul Gustavo Cisneros.

FANJUL Will own the world

Now anyone employed by C&H can say, almost, that they work for the world's biggest sugar refining organization.

YONKERS, N.Y., Dec. 4 /PRNewswire/ -- American Sugar Refining, Inc., based in
Yonkers, New York, today announced that it completed the acquisition of Ingenio
San Nicolas S.A. de C.V. San Nicolas owns and operates a sugar mill and refinery
in Veracruz, Mexico that produces 75,000 tons of superior quality refined sugar.

Luis J. Fernandez, Co-President of American Sugar commented that "this acquisition is an extension of our strategy to be the premier sugar producer and supplier in North America, as evidenced by our recent acquisitions of Redpath Sugar in Canada and C&H Sugar in California. Our goal is to effectively service our multinational customers whose operations span all of North America. This acquisition furthers our strategy to seamlessly provide our customers with quality sugar products and excellent customer service throughout Canada, the United States and Mexico."

Antonio L. Contreras, Jr., Co-President of American Sugar said, "This acquisition is particularly significant now that the Mexican and United States sweetener markets will merge under the North American Free Trade Agreement effective January 1, 2008. The sugar industry is an important part of the Mexican economy and will play a significant role in the combined U.S. - Mexico sugar market."

American Sugar Refining is owned by Florida Crystals Corporation and Sugar Cane Growers Cooperative of Florida. Florida Crystals is a subsidiary of Flo-Sun Incorporated, a Fanjul Family company, and Sugar Cane Growers Cooperative is an agricultural cooperative owned by 50 sugar cane farmers. American Sugar Refining owns six sugar refineries in the United States, Canada, and Mexico that collectively
produce over four million tons of refined sugar for sale to the industrial, food
service and retail markets. Its products are sold throughout the United States
under the leading Domino and C&H brands and in Canada under the Redpath
brand.
CONTACT:
Donald
Brainard
914-709-8010

Source: American Sugar Refining, Inc.