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Lantic, Inc.

Identity area

Type of entity

Corporate body

Authorized form of name

Lantic, Inc.

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

Description area

Dates of existence

[1912 or earlier-present]

History

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.

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Internal structures/genealogy

General context

Relationships area

Related entity

The British Columbia Sugar Refining Company, Limited (1890-2008)

Identifier of the related entity

Category of the relationship

hierarchical

Dates of the relationship

1992-1997

Description of relationship

1992-1997, Lantic was a wholly-owned subsidiary of The British Columbia Sugar Refining Company, Limited.

Control area

Authority record identifier

Institution identifier

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Maintenance notes