Imperial Sugar Company and PureCircle Limited Launch Natural Sweet Ventures

Both Imperial and PureCircle have rich heritages in developing proprietary technologies tied to natural, sweet products. This will provide Natural Sweet customers with flexibility in developing innovative applications.

23 Feb 2010 --- Imperial Sugar Company and PureCircle Limited are pleased to announce the launch of Natural Sweet Ventures LLC, a joint venture created between Imperial, one of the largest marketers of refined sugar in North America and PureCircle, the global leader in the production of high purity stevia products. The exclusive North American joint venture will combine the natural benefits of both sugar and stevia to develop reduced-calorie natural sweet product solutions for the beverage and food industries.

Both Imperial and PureCircle have rich heritages in developing proprietary technologies tied to natural, sweet products. This will provide Natural Sweet customers with flexibility in developing innovative applications. Natural Sweet Ventures’ product line will deliver benefits of pure cane sugar and stevia to manufacturers across North America through a broad portfolio:

• Liquid form – for the beverage industry as a liquid sweetener option
• Crystallized form – for syrup, spray-on, dairy, and many baking and confection applications
• Variety of calorie reduction levels – allowing formulation to specific calorie levels that best suit the application
• A sugar option with the added benefits of a lower glycemic index, no GMO (genetically modified organism), temperature and pH stable, and uniform dispersion of both sugar and stevia

The Natural Sweet product line will directly aid manufacturers responding to strong consumer interest in natural reduced calorie products and the recent announcements by the beverage industry of more stringent labelling.

“We are delighted to partner with PureCircle to develop a specialty product line for customers seeking lower calorie, natural sweetening solutions,” said John C. Sheptor, president and CEO of Imperial Sugar. “Natural Sweet is a complement to Imperial’s core sugar business and consistent with our strategy to expand value-added natural offerings. This exclusive partnership gives Natural Sweet a technological advantage as we collaborate with customers to deliver products that meet their distinct needs.”

Magomet Malsagov, CEO & president of PureCircle Limited added, “Natural Sweet is a major opportunity for the U.S. consumer in their quest for quality, natural beverage and food alternatives that combine great taste with controlled calories. When we were looking for a partner for the important North American market, there was really only one choice. Imperial stood out above the crowd for its commitment to innovation, naturally sweet products and outstanding customer service. We are pleased with the combined potential of our technologies. Our products will deliver natural sweetness with exciting beneficial attributes.”

All Natural Sweet Ventures products will carry the trusted endorsements of Imperial Sugar Company and PureCircle.

Natural Sweet Ventures’ products will be produced at Imperial’s Port Wentworth, Georgia refinery and marketed across North America by the combined sales teams of Imperial and PureCircle.