| Business Summary | | Imperial
Sugar
Company
is
a
processor
and
marketer
of
refined
sugar
in
the
United
States
and
is
a
distributor
of
sugar,
nutritional
products,
sauces,
seasonings,
drink
mixes
and
desserts
to
the
foodservice
industry.
The
Company
operates
in
two
domestic
business
segments,
the
sugar
segment,
which
produces
and
sells
refined
sugar
and
related
products,
and
the
foodservice
segment,
which
sells
and
distributes
numerous
products
to
foodservice
customers.
Sugar
segment
customers
include
retail
grocers
and
industrial
customers,
principally
food
manufacturers.
Foodservice
segment
customers
include
distributors,
restaurants,
healthcare
institutions,
geriatric
centers,
schools
and
other
institutions.
In
January
2001,
the
Company
filed
a
petition
for
relief
under
Chapter
11
of
the
United
States
Bankruptcy
Code.
In
August
2001,
the
Company's
Second
Amended
and
Restated
Joint
Plan
of
Reorganization,
confirmed
by
the
United
States
Bankruptcy
Court
on
August
7,
2001,
became
effective. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IPRL
engages
in
the
production
and
marketing
of
refined
sugar
and
production
of
cane
and
beet
sugar.
IPRL
also
sells
and
distributes
products
to
foodservice
customers.
For
the
nine
months
ended
6/30/01,
revenues
fell
14%
to
$1.17
billion.
Net
loss
before
acct.
change
totalled
$41.9
million
vs.
an
income
of
$2.4
million.
Revenues
reflect
lower
refined
sugar
sale
prices
and
volumes.
Loss
reflects
lower
gross
and
operating
margins
and
the
absence
of
$35.9
million
in
gains
on
the
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| I. Kempner III, 68 Chairman | -- | James Kempner, 61 Pres,
CEO, Director | $570K | Mark Huggins, 51 CFO
and Managing Director | -- | Peter Carrothers, 61 Managing
Director | -- | Roger Hill, 61 Managing
Director and Pres and CEO - Holly | 556K | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|