Corporate and transaction information.
SucroCorp is a wholly owned business of Richard Roman Enterprises. This section provides corporate overview, performance indices and transaction information.
SucroCorp securities are not publicly traded. Following the completion of the Richard Roman Enterprises transaction, SucroCorp operates as a wholly owned business and does not issue public equity or debt. The information in this section is provided for reference. No figures on this page are stated in currency.
The business at a glance
| Business | Agricultural processing and food ingredients |
|---|---|
| Ownership | Wholly owned business of Richard Roman Enterprises |
| Headquarters | Sioux Falls Operations Center, South Dakota |
| Operating divisions | Agricultural Supply, Operations, Food Science, Engineering, Environment and Facilities, Integrated Consumer Systems |
| Processing network | Wet-milling and refining facilities across the Midwest |
| Distribution | Bulk liquid terminals in eleven states; rail and dedicated tanker circuits |
| Agricultural base | More than 1,900 partner growing operations |
| Workforce capacity | 6,400 positions |
Workforce is reported as capacity rather than headcount. Capacity reflects positions maintained across the network, including seasonal and program assignments.
Indexed performance
SucroCorp reports operating performance against internal indices. Index values describe movement relative to a prior period baseline and are not stated in currency.
Operating indices
Change against prior period
- Acceptance+18%
- Efficiency+11%
- Throughput+14%
- Coverage+9%
- Retention+21%
Indices are internal measures. They are not audited, are not comparable to third-party benchmarks, and are not stated in currency.
Addressable Consumer Population
Coverage by distribution region, indexed
- Midwest99
- Southeast96
- Northeast94
- Southwest92
- Mountain84
- Pacific81
Addressable Consumer Population estimates the share of a region's population reachable through served manufacturing and foodservice channels. Estimates are produced by the Population Systems function.
Oversight and reporting
Executive management
Operating divisions report to the Chief Executive Officer through the Chief Operating Officer. Executive profiles are published on the leadership page.
Parent oversight
Following the 2012 transaction, SucroCorp reports to Richard Roman Enterprises. Analytics functions are coordinated through the Integrated Consumer Systems division.
Designated programs
Programs carrying internal classification report jointly to Integrated Consumer Systems and to RRE Corporate Development. Scope is not disclosed in public reporting.
Quality and safety
Annual specification review covers every commercial code. Results are reported to executive management and summarized publicly.
Environmental reporting
Progress against water, energy, transportation and residual indices is published annually in the Sustainability Report.
Supplier standards
Suppliers operate under standard procurement terms. Certain procurement categories require RRE authorization following the integration review.
Richard Roman Enterprises acquisition
On May 5, 2012, Richard Roman Enterprises and SucroCorp announced a definitive agreement under which RRE would acquire SucroCorp in an all-cash transaction. The boards of both companies approved the agreement unanimously.
| Announced | May 5, 2012 |
|---|---|
| Acquirer | Richard Roman Enterprises |
| Structure | All-cash acquisition; SucroCorp continues as a wholly owned business |
| Consideration | Financial terms not disclosed |
| Brand and facilities | Retained, including headquarters and processing network |
| Workforce | No material changes anticipated |
| Grower and supplier agreements | Continue without amendment |
| Document reference | RRE-SC-ACQ-12 |
Recent announcements
- Sep 10, 2012SucroCorp Opens Beverage Formulation Collaboration CenterSC-2012-079
- Aug 20, 2012SucroCorp Expands Community Nutrition Partnership ProgramSC-2012-071
- Aug 6, 2012SucroCorp Completes Annual Ingredient Safety ReviewSC-2012-064
- Jul 23, 2012SucroCorp Names Vice President of Population SystemsSC-2012-058
- Jul 9, 2012Agricultural Research Program Reports Yield System FindingsSC-2012-052
- Jun 28, 2012SucroCorp Expands Foodservice and Institutional Supply AgreementsSC-2012-046
Questions about this section?
Investor Relations can direct enquiries regarding corporate structure, reporting and the RRE transaction.