Imperial Sugar Company and PureCircle announced the launch of Natural Sweet Ventures, a joint venture created between one of the largest producers and marketers of refined sugar in North America and the global leader in the production of high purity stevia products. The exclusive North American joint venture integrates the proven technologies of two industry leaders to develop a specialty product line combining the natural benefits of both sugar and stevia. Product development will focus on delivering desired sweetness levels with reduced calories with all natural ingredients. Natural Sweet Ventures will work collaboratively with customers in the beverage and food sectors to develop products that address emerging consumer dietary and health interests. :theflyonthewall.com
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Imperial Sugar in late stages of exploring Wholesome Sweeteners sale
Imperial Sugar disclosed in a regulatory filing that it is attempting to enhance operating cash flow by increasing sales prices and improving operating efficiencies, and is reviewing opportunities to improve its liquidity, including potential sales of assets. The company said that it’s in the late stages of exploring with its partner the potential sale of their interests in Wholesome Sweeteners to a third party. Imperial Sugar cautioned that its continuation as a going concern is dependant upon its ability to generate sufficient cash flows from operations or increase its liquidity through asset sales in order to meet its obligations as they become due. :theflyonthewall.com