Name Change and Takeover
In the early 1970s, the company made major investments in high-fructose corn syrup production, and changed its name to Amstar Corporation (ASR). It moved its headquarters from 120 Wall Street to 1251 Avenue of the Americas (6th Avenue) (The Exxon Building) in mid-town Manhattan.
With investments in food-picking and handling machinery companies in the Midwestern United States, the company faced a takeover by the British sugar company Tate & Lyle in 1980. How long this lasted is uncertain since American Sugar is now part of another group.
The Domino brand name is currently associated with a company that also owns two of its former major competitors, C&H Sugar (California and Hawaii) and Jack Frost (National Sugar Company).
Read more about this topic: American Sugar Refining Company
Famous quotes containing the words change and/or takeover:
“All of childhood’s unanswered questions must finally be passed back to the town and answered there. Heroes and bogey men, values and dislikes, are first encountered and labeled in that early environment. In later years they change faces, places and maybe races, tactics, intensities and goals, but beneath those penetrable masks they wear forever the stocking-capped faces of childhood.”
—Maya Angelou (b. 1928)
“A poet is a combination of an instrument and a human being in one person, with the former gradually taking over the latter. The sensation of this takeover is responsible for timbre; the realization of it, for destiny.”
—Joseph Brodsky (b. 1940)