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:
“Social history might be defined negatively as the history of a people with the politics left out.”
—G.M. (George Macaulay)
“When we of the so-called better classes are scared as men were never scared in history at material ugliness and hardship; when we put off marriage until our house can be artistic, and quake at the thought of having a child without a bank-account and doomed to manual labor, it is time for thinking men to protest against so unmanly and irreligious a state of opinion.”
—William James (1842–1910)
“Certainly there is not the fight recorded in Concord history, at least, if in the history of America, that will bear a moment’s comparison with this, whether for the numbers engaged in it, or for the patriotism and heroism displayed.”
—Henry David Thoreau (1817–1862)