Arlon to Satisfy Sugar Craving with Wholesome Sweeteners Buy
March 12, 2012
Arlon Group has agreed to acquire a majority stake in Wholesome Sweeteners, an organic and Fair Trade certified sweetener supplier formed in 2001 as a 50/50 joint venture between Edward Billington & Son and Imperial Sugar (NASDAQ: IPSU). Arlon will be acquiring Imperial's entire stake in the company as well as a portion of Billington's. Imperial's net proceeds from the transaction are estimated to be between $55 million to $60 million. Arlon is a private equity firm focused on food and agriculture.