Sugar giant US Sugar says that it plans litigation to prove that its proposed deal to acquire its rival Imperial Sugar will not result in higher prices nor harm buyers. Earlier this month the Department of Justice filed an anti-trust lawsuit in an attempt to block the purchase. The DOJ claims that the acquisition would eliminate competition forcing consumers to pay more for refined sugar which is a significant ingredient in many foods and beverages. The DOJ seeks a ruling finding that the merger would violate the Clayton Act. US Sugar stated that the purchase would improve the sugar supply chain and result in coordinated pricing that wouldn’t harm consumers and would protect American jobs. Both US Sugar and Imperial Sugar are multibillion-dollar companies.

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Posted on 15 December 2021