History
The company has, since its inception, been headquartered in Sugar Land; the city itself is named for the company and the company's crown logo is featured in the city's seal. The company was founded in 1843 by Samuel May Williams and passed through a series of owners until its purchase in 1907 the I. H. Kempner family of Galveston. The company was later renamed the Imperial Sugar Company, in an effort to emphasize quality. Up until 1988 the company had only one plant, at its original location in Texas, when they purchased the Holly Sugar Corporation—a sugar beet processor headquartered in Colorado Springs. Since that initial acquisition the company has made several more than effectively doubled the corporation's size each time.
On January 17, 2001, the company filed Chapter 11 bankruptcy protection, attributing its problems to lower sales for refined sugar as well as higher energy costs. Then on August 29, 2001, the company emerged from Chapter 11 and has since turned its focus inward as it downsizes its operations. In 2003, Imperial won the Wharton Infosys Business Transformation Award for their innovative use of web technology to help turn around their business. The company no longer refines sugar at its original plant in Sugar Land (the facility was closed in 2003) but their corporate headquarters are still located in its founding city.
On December 19, 2010, two buildings of the Sugar Land factory were demolished by explosion demolition to spread the development of the property for residences, business properties and park land.
In 2010, Imperial contributed its aging nineteenth-century Gramercy, Louisiana refinery to Louisiana Sugar Refiners, LLC (LSR) in exchange for a one-third interest in the new company. LSR commenced operations on January 1, 2011. LSR now operates a state-of-the-art sugar refinery on the Gramercy, Louisiana site. Imperial will continue to operate a small-bag processing facility at Gramercy.
Read more about this topic: Imperial Sugar
Famous quotes containing the word history:
“The History of the world is not the theatre of happiness. Periods of happiness are blank pages in it, for they are periods of harmony—periods when the antithesis is in abeyance.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“The history of medicine is the history of the unusual.”
—Robert M. Fresco, and Jack Arnold. Prof. Gerald Deemer (Leo G. Carroll)
“In history an additional result is commonly produced by human actions beyond that which they aim at and obtain—that which they immediately recognize and desire. They gratify their own interest; but something further is thereby accomplished, latent in the actions in question, though not present to their consciousness, and not included in their design.”
—Georg Wilhelm Friedrich Hegel (1770–1831)