Expansion
The combination expanded horizontally for about twenty years as new competitors arose; later it expanded vertically, undertaking the production of cane sugar and raw sugar in Cuba and acquiring lumber interests. The company was investigated by the Industrial Commission in 1900 and by a special congressional committee in 1911–1912.
In 1910 the federal government began a suit for the company's dissolution. This was terminated by consent decree announced December 21, 1921, when Domino Sugar stated that its effective control of refined sugar had dropped from 72% to 24%.
According to the Encyclopedia of New York City, "the struggle ended with a settlement in 1922 that allowed the firm to remain intact but forced it to refrain from unfair business practices, and as competition revived, the firm ceased to dominate the industry". After the Great Depression, the sugar refining industry declined as alternatives to sugar and modern technology were introduced.
American Sugar Refining Company continued to dominate the sugar industry in the United States through most of the 20th Century. Its brands included the dominant Domino Sugar, Franklin Sugar, Sunny Cane Sugar, and its West Coast beet sugar operation under the Spreckels brand. It had major refineries in Brooklyn, Bunker Hill, Massachusetts;, Philadelphia, Baltimore, Chalmette, Louisiana, and Salinas, California.
Read more about this topic: American Sugar Refining Company
Famous quotes containing the word expansion:
“Artistic genius is an expansion of monkey imitativeness.”
—W. Winwood Reade (1838–1875)
“We are caught up Mr. Perry on a great wave whether we will or no, a great wave of expansion and progress. All these mechanical inventions—telephones, electricity, steel bridges, horseless vehicles—they are all leading somewhere. It’s up to us to be on the inside in the forefront of progress.”
—John Dos Passos (1896–1970)
“The fundamental steps of expansion that will open a person, over time, to the full flowering of his or her individuality are the same for both genders. But men and women are rarely in the same place struggling with the same questions at the same age.”
—Gail Sheehy (20th century)