Rogers Sugar Income Fund
TSX : RSI.UN

Rogers Sugar Income Fund

October 06, 2005 10:45 ET

RSIF Announces Appointment of New President

MONTREAL, QUEBEC--(CCNMatthews - Oct. 6, 2005) -

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Stuart Belkin, Chairman of Lantic Sugar Ltd. ("Lantic") and Rogers Sugar Ltd. (TSX:RSI.UN) ("Rogers") is pleased to announce on behalf of the Board of Directors, the appointment of Mr. Ed Makin to the position of President and CEO of Lantic and Rogers effective October 24, 2005. Mr. Makin will also join the Board of Directors of Lantic and Rogers.

"We are pleased to have Mr. Makin, formerly Senior Vice President of Czarnikow Sugar, Inc. bring his strong background in the sugar industry, in both Canada and the United States, to Lantic and Rogers" said Mr. Belkin. "Mr. Makin has nine years experience as President of Domino Sugar Corporation and Redpath Sugars where he exhibited leadership in growing market share, profitability and customer satisfaction. We are confident that Mr. Makin, with more than twenty years experience in successful organizations in the consumer products industries, will provide strong leadership to our talented management team and employees at Lantic and Rogers to produce superior results and create value for Rogers Sugar Income Fund stakeholders."

About Rogers Sugar Income Fund

The Fund is an open-ended, limited purpose trust established under the laws of the Province of Ontario. The Fund holds all of the common shares of Lantic Sugar Limited ("Lantic") and Rogers Sugar Ltd. ("Rogers").

Rogers has been in the sugar business since 1890 and is the leading refiner, processor, distributor and marketer of sugar products in Western Canada. As the sole sugar processor in Western Canada, Rogers supplies over 90% of the demand for refined sugar in that region. Rogers has two sugar processing facilities, a cane sugar refinery in Vancouver, British Columbia and a beet sugar processing facility in Taber, Alberta. Rogers' sugar products are marketed primarily under the "Rogers" trade name and include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups.

Lantic is one of two refiners in Eastern Canada and operates a cane sugar refinery in Montreal, Quebec. Lantic's sugar products are marketed primarily under the "Lantic" trade name and include granulated, icing, cube, liquid, yellow and brown sugars.

Contact Information

  • Rogers Sugar Income Fund
    M. Stuart Belkin
    (604) 688-8533