Imperial Sugar Sells Nutritional Products to Hormel

Imperial Sugar Sells Nutritional Products to Hormel

SUGAR LAND, Texas--Imperial Sugar Company announced on Feb. 22 that it would sell its Diamond Crystal Brands nutritional products business to Hormel Foods Corp. for $65 million in cash, subject to post-closing adjustments. The agreement is pending approval by the U.S. Bankruptcy Court for the District of Delaware since Imperial Sugar filed a petition for relief under chapter 11 bankruptcy on Jan. 16.

Product categories sold to Hormel include frozen supplements, dry and ready-to-serve supplements, modified products, thickeners and pureed products. The asset sale did not include property and manufacturing facilities. Diamond Crystal Brands will continue to manufacture specific products under a co-pack agreement with Hormel. For more information, visit www.imperialsugar.com.