U.S. Department of Justice files lawsuit to prevent sugar industry from merging Reuters

© Reuters. File photo: On December 2, 2020, Washington, USA, an American flag flies outside the U.S. Department of Justice building. REUTERS/Tom Brenner

WASHINGTON (Reuters)-The U.S. Department of Justice said on Tuesday that it had filed an antitrust lawsuit aimed at preventing U.S. sugar companies from acquiring rival Imperial Sugar.

The department said it filed a lawsuit because the proposed transaction could mean an increase in refined sugar prices in the southeastern United States.

“U.S. Sugar and Imperial Sugar are already multi-billion dollar companies and are seeking to further consolidate the already comfortable sugar industry,” said Jonathan Kanter, Assistant Attorney General of the Antitrust Division of the Department of Justice.

American Sugar Company announced in March that it would acquire Imperial Sugar Company, which has operations in Georgia and Kentucky, from Louis Dreyfus.

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