Business Sold
April 1, 2002
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Imperial Sugar Co., Sugar Land, Texas, sold its Michigan Sugar Co. subsidiary and its Great Lakes Sugar Co. subsidiary, both in Saginaw, Mich., to a grower cooperative, Michigan Sugar Beet Growers Inc., Saginaw, Mich., for a gross purchase price of $45 million plus the assumption of $18.5 million of debt. The transaction closed in mid-February.