History
The British Sugar Corporation was a company that was formed in 1936, when the British parliament nationalised the entire sugar beet crop processing industry, under the banner of British Sugar Corporation. At this time there were 13 separate companies with 18 factories across the country. In 1972 it began selling its sugar products under the name of Silver Spoon.
In 1977 a rights issue decreased the government holding from 36% to 24%. It was taken over by Berisford International in 1982 and in May of that year the company name was shortened to British Sugar plc.
It was sold on 2 January 1991 to Associated British Foods (ABF) after a crash in property values affected Berisford. ABF had attempted to purchase in the late 1980s but the stockmarket downturn had stopped their move.
Read more about this topic: British Sugar
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