Shearman & Sterling is representing American Sugar Refining, Inc. (American Sugar), which has agreed to acquire a controlling interest in Belize Sugar Industries Limited (BSI).
American Sugar, along with its subsidiaries, is the world’s largest sugar refiner, with a production capacity exceeding 7 million tons of sugar per year. The company and its affiliates have operations in Florida, California, Louisiana, New York, Maryland, Canada, Mexico, England and Portugal and its products are sold under the Domino®, C&H®, Florida Crystals®, Redpath®, Jack Frost® and Tate & Lyle® brands.
BSI, headquartered in the Orange Walk District of Belize, is Belize’s sole processor of sugarcane, in addition to being a substantial producer of sugarcane in its own right.
The Shearman & Sterling team included counsel Sean Skiffington(Toronto-Mergers & Acquisitions) and associate Richard Porter (London-Mergers & Acquisitions), along with counsel Simon Letherman (London-Tax) and trainee solicitor Matthew Anson (London-Tax). Other lawyers advising American Sugar are partner Clare Breeze (London-Real Estate); counsel Mehran Massih (London-Environmental) and Sam Whitaker(London-Executive Compensation & Employee Benefits); associate Nader Dabbo (New York-Mergers & Acquisitions); and trainee solicitors Richard Cameron (London-Mergers & Acquisitions), Ben Burton (London-Mergers & Acquisitions) and Stacey Jeffreys (London-Executive Compensation & Employee Benefits).
