Type of entity
Authorized form of name
Parallel form(s) of name
- Atlantic Sugar Refineries
Standardized form(s) of name according to other rules
Other form(s) of name
- Atlantic Sugar Refineries; Lantic Sugar Limited
Identifiers for corporate bodies
Dates of existence
Lantic, Inc. has its roots with the Acadia Sugar Refining Co., a Scottish incorporation, originally formed from a consolidation of three refinery operations in Nova Scotia. These three refineries were originally known as Atlantic Sugar Refineries. Some time before 1990 the company changed its name from Atlantic Sugar Refineries to Lantic Sugar Limited.
In 1990, 50% of Lantic and its American subsidiary, Refined Sugars, Inc. were purchased by The British Columbia Sugar Refining Company, Limited (BC Sugar). The remaining 50% of Lantic was purchased in 1992. The three companies (BC Sugar, Lantic, and Refined Sugars) continued to operate in their individual markets under their existing brand names. As of 1992, Lantic Sugar Limited was a wholly-owned subsidiary of The British Columbia Sugar Refining Company, Limited.
In 1997, the holding company of BC Sugar (and therefore of Lantic), BC Sugar Refinery Company, Limited, was taken over by a consortium consisting of Belcorp and Onex Corp. A significant reorganisation of all the companies after the takeover resulted in the breakup of the assets of BC Sugar and dissolution and replacement of the holding company. Lantic Sugar Limited was spun off from the BC Sugar operating company and continued under direct ownership of the consortium. The BC Sugar operating company was renamed Rogers Sugar Inc., and continued as a privately-held company owned by the new holding company, Rogers Sugar Income Trust, which replaced BC Sugar Refinery Company.
In 2008, another corporate reorganisation occurred. Rogers Sugar Inc. ceased to exist as an independent operating company. It was merged with Lantic Sugar Limited to form a new operating company: Lantic Inc., the name under which the company continues to operate.