The story
The California and Hawaiian Sugar Company was founded in 1906 and operated from 1921 to 1993 as an agricultural cooperative marketing association owned by the member sugar companies in Hawaiʻi. The first general manager and longest serving president of the company was George M. Rolph. Its headquarters are in Crockett near the Carquinez Bridge in unincorporated Contra Costa County, California.
In 1993, the member companies sold their interests in C&H to Alexander & Baldwin in Honolulu, and the refining company's status changed from a cooperative to a stock corporation. Alexander & Baldwin subsequently sold its majority share to an investment group, Citicorp Venture Capital (CVC) in 1998, retaining a 40% common stock interest in the recapitalized company. American Sugar Refining bought C&H in 2006, merging it with its other sugar operations. C&H revenues and profits continued to decline into the 21st century as sugar prices fell and labor costs rose.
From Wikipedia’s article on California and Hawaiian Sugar Company, shared under CC BY-SA 4.0.3
