September 16, 2014 3:38 AM ET

Food Products

Company Overview of American Crystal Sugar Co.

Company Overview

American Crystal Sugar Company, an agricultural cooperative corporation, engages in the production and marketing of sugar from sugarbeets in the United States. The company also sells various agri-products, including sugarbeet pulp, molasses, concentrated separated by-products, and betaine, as well as sugarbeet seeds. In addition, it is involved in leasing a corn wet milling plant used in the production of high-fructose corn syrup. The company sells sugar products primarily to industrial users, such as confectioners, breakfast cereal manufacturers, and bakeries; and wholesalers and retailers, as well as directly to customers for household consumption under Crystal Sugar trademark. American Cr...

101 North Third Street

Moorhead, MN 56560

United States

Founded in 1890

Phone:

218-236-4400

Key Executives for American Crystal Sugar Co.

Chief Executive Officer and President
Age: 60
Chief Financial Officer and Vice President of Finance
Age: 45
Chief Operating Officer
Age: 54
Chief Accounting Officer
Age: 44
Treasurer and Assistant Secretary
Age: 60
Compensation as of Fiscal Year 2014.

American Crystal Sugar Co. Key Developments

American Crystal Sugar Files Form 15

American Crystal Sugar Co. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended.

Union Workers at American Crystal Sugar Approves a New Contract

Union workers at American Crystal Sugar approved a new contract on April 13, 2013. Prior to the contract's approval by 55% of those voting, the company's 1,300 workers had rejected essentially the same contract four times and had been locked out of their jobs for 20 months. The last vote, held on Dec. 1, was rejected by 55% of the workers, down from 63% in June. The contract was first shot down in the summer of 2011 by 96% of voters, leading to the lockout. About 640 workers had quit or retired from Crystal Sugar between the lockout's beginning and April 1. Both Ingulsrud and union officials expect most of the remaining workers to return to their jobs at the company within the next 40 days or so. Under federal labor law, locked-out union members have a right to go back to work after a settlement. Workers will be given their jobs back; 99% of the time, it would be the exact same position. As for the replacement workers, company said the resignations and retirements should create openings for them to remain on the job. Crystal Sugar locked out 1,300 union workers Aug. 1, 2011, after they resoundingly rejected a five-year contract that would have raised wages by 13%, but would have significantly increased their health care costs by transferring them from a union plan to the company's health plan. Also, union members originally rejected the broad management rights language of Crystal's contract offer that gave managers more say in workplace decisions, including over promotions, where union seniority usually prevails. The company maintained in July 2011 that its offer was final, and indeed has not significantly moved since the lockout began.

American Crystal Sugar Co. Announces the Resignation of Eide Bailly LLP as the Company's Independent Registered Public Accounting Firm

American Crystal Sugar Co. announced the resignation of Eide Bailly LLP as the company's Independent Registered Public Accounting Firm.

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