Tampa Bay Times: April 5, 2010. Written by Robert H. Burker Jr.
U.S. Sugar Corp. was not for sale when Gov. Charlie Crist approached us about buying out all our assets. We considered his proposal because he was the governor and our owners believed that we could play a major part in resolving the huge problems of the Everglades, Lake Okeechobee and the Caloosahatchee and St. Lucie rivers, a fitting legacy for our land.
Our business competitors have attempted to characterize this acquisition as a bailout of a struggling company. That is a lie.
While our business had accumulated significant debt due to hurricanes and the multiyear construction of our state-of-the-art sugar factory, we have weathered storms like this since 1931. We prioritized spending and cut costs. Now our sugar factory is running smoothly, our refinery had record production and we have best sugar market in 30 years.
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