Rogers & Lantic Sugar

What Rogers & Lantic Sugar does

Rogers & Lantic Sugar (TSX: RSI) is the largest Canadian-owned and operated sugar and natural sweetener company, operating as a holding company (Rogers Sugar Inc.) over its core operating subsidiary Lantic Inc. The business refines and packages a diversified portfolio of sugar products — fine white granulated, brown, icing, yellow, liquid, organic, and specialty sugars (Demerara, Super Fine & Berry) — under the Rogers and Lantic brands. Production is anchored at two refineries: the Montreal, Quebec facility (approximately 240 unionized workers, host site for the LEAP expansion) and the Taber, Alberta sugar beet refinery (approximately 120 unionized workers, raw supply secured via a long-term agreement with Alberta Sugar Beet Growers). The company also operates Lantic Maple Inc. (rebranded from The Maple Treat Corporation in April 2026), which it positions as the world's largest producer of premium-quality maple syrup, selling maple syrup, maple sugar, and maple crunch products through a dedicated e-commerce channel at themapletreat.com.

The company sells through three distinct go-to-market motions: a B2B catalog and direct-sales channel serving food & beverage, industrial, and pharmaceutical enterprises requiring bulk ingredient supply; a food service channel serving restaurants and coffee establishments; and a retail channel selling home-baking and cooking SKUs through grocery distribution coast-to-coast across Canada. Revenue is generated almost entirely through one-time product sales of physical commodities, with no software, subscription, or licensing model disclosed. Capital structure features a quarterly dividend of $0.09 per share (~5.19% yield), a $57.5M convertible debenture offering completed in January 2026, and market capitalization in the CA$813–881M range.

The single most consequential strategic initiative is the LEAP Expansion Project — a $280–300 million capital program adding 100,000 metric tonnes of domestic refined sugar capacity in Montreal and Toronto, with $178.2M already capitalized and commissioning expected in H1 calendar 2027. Recent labor agreements (Montreal five-year deal ratified June 2026; Taber extension to March 2032) were specifically structured to support LEAP completion. Q2 fiscal 2026 sugar sales volume was ~175,000 metric tonnes, down 12% year-over-year due to tariff-related export weakness, though sugar segment adjusted EBITDA still rose $5.8M to $33.4M and gross margin per tonne improved $74 to $268.

Name

Rogers & Lantic Sugar

Legal name

Lantic Inc.

Website

https://lanticrogers.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Rogers & Lantic Sugar (TSX: RSI) is the largest Canadian-owned and operated sugar and natural sweetener company, refining and packaging sugar products and premium maple syrup under the Rogers, Lantic, and Lantic Maple brands for food & beverage, industrial, pharmaceutical, food service, and retail customers across Canada.

Ownership category

akta.pro rank

Product category

Sugar Refining & Sweetener Manufacturing

NAICS

Sugar and Confectionery Product Manufacturing (3113), Beet Sugar Manufacturing (311313), Flavoring Syrup and Concentrate Manufacturing (311930)

SIC

Sugar & Confectionery Products (2060), Wholesale-Groceries, General Line (5141), Food And Kindred Products (2000)

akta.pro primary industry

Spreads, Sweeteners & Syrups (Jam, Honey, Nut Butters, Maple) (CRADAAAC)

akta.pro secondary industries

Sugar & Sweeteners Trading/Wholesale (AFAIAKAB), Confectionery, Snacks & Specialty Sweets Wholesale Distribution (CRAOAAAM)

Keywords

• Refined sugar production
• Natural sweetener manufacturing
• Maple syrup processing
• Industrial sugar supply
• Canadian sugar refining

Headquarters

HQ city

Montreal

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Sugar Segment: Sugar refining, packaging, and marketing including white sugar, white specialties, icing sugar, yellow sugar, liquid sugar, and brown sugar for Canadian food industry
2. Maple Products: Premium maple syrup products under Lantic Maple brand, including maple sugar, maple crunch, and maple syrup

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Rogers & Lantic Sugar refines and supplies a portfolio of sugar products (white sugar, white specialties, icing sugar, yellow sugar, liquid sugar, and brown sugar) and maple-based products under the Lantic Maple brand for Canadian food industry and retail customers. Operations are anchored by refineries in Montreal, Quebec and Taber, Alberta, with the LEAP expansion project underway to add 100,000 metric tonnes of refined sugar capacity expected in the first half of calendar 2027. The company serves industrial/food service customers via a B2B catalog and home consumers via retail distribution and a dedicated maple e-commerce site.

Product overview

Rogers & Lantic Sugar operates as the largest Canadian-owned sugar and natural sweetener company, offering a diversified portfolio of refined sugar products and maple-based offerings. The product lineup includes standard granulated sugars (Fine White, Brown, Icing, Organic, Raw), specialty sugars (Demerara, Yellow, Super Fine), liquid sweeteners (Table Syrup, Liquid Sugar, Agave Syrup, Rogers Golden Syrup), and premium maple products (Maple Syrup, Maple Sugar, Maple Crunch) under the Lantic Maple brand. The company serves both retail consumers for home baking and food service/industrial sectors including food and beverage, pharmaceutical, and manufacturing. The products are marketed under the dual Rogers and Lantic brands, with Lantic Maple Inc. (formerly TMTC/The Maple Treat Corporation) as the maple products subsidiary.

Differentiator

Problem solved

Functional benefit

Brands

• Lantic Maple: Premium-quality maple syrup products under Lantic Maple brand, headquartered in Quebec, marketed as the world's largest producer of premium-quality maple syrup.
• Rogers

Products and services

• Fine White Granulated Sugar Standard white granulated sugar for everyday baking and cooking applications, sold through retail outlets and used in industrial recipes.
• Organic Sugar Sugar grown on naturally enriched land with careful crop rotation, providing organic certification for retail and food manufacturing customers.
• Brown Sugar Natural brown sugar offering rich flavor for baking and cooking, marketed for retail consumers.
• Icing Sugar Finely powdered sugar for icings, glazes, and decorative baking applications.
• Nature's RAW Raw sugar product offering natural sweetness for recipes, sold through the retail catalog.
• Table Syrup Natural table syrup for pancakes, waffles, and breakfast foods, sold through retail channels.
• Yellow Sugar Yellow/turbinado sugar for specialized baking and industrial applications in the food and beverage sector.
• Liquid Sugar Liquid sugar solutions for industrial and food service use, supplied through the B2B catalog.
• Rogers Golden Syrup Golden syrup under the Rogers brand for baking and cooking, offered through the B2B catalog.
• Agave Syrup Natural agave sweetener alternative for health-conscious food and beverage customers.
• Demerara Sugar Large-grain, raw cane sugar with natural molasses content for specialty baking and beverage uses.
• Super Fine & Berry Sugar Extra-fine sugar ideal for berry preservation and delicate desserts, offered in the white specialties catalog category.
• Lantic Maple Products Premium maple syrup, maple sugar, and maple crunch products produced by the world's largest maple producer under the Lantic Maple brand, sold through themapletreat.com and retail distribution.

Quantifiable outcome

• Sugar segment adjusted EBITDA increased by $5.8 million to $33.4 million in Q2 2026
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core.

• Alberta Sugar Beet GrowerscoreStrategic or Co-development Partner · 26 June 2026Recent long-term supply agreement signed with Alberta Sugar Beet Growers, strengthening Rogers Sugar's position in the Canadian food industry and ensuring raw material supply for Taber refinery operations.
• Le Syndicat des Travailleuses et Travailleurs de Sucre Lantic – CSNcoreOthers · 11 June 2026Main bargaining unit representing approximately 240 unionized workers at Montreal refinery. Ratified new five-year collective agreement to support completion of LEAP project.
• BonsucrocoreOthersBonsucro is the leading global sustainability platform and standard for sugarcane. Rogers Sugar/Lantic maintains affiliation with Bonsucro as part of their commitment to sustainable sourcing and responsible supply chain practices.
• United Food and Commercial Workers Union (UFCW)coreOthersLabor union representing approximately 120 unionized workers at the Taber, Alberta sugar beet refinery. Extended collective agreement to March 2032 following negotiations.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Tereos: French sugar beet cooperative and one of the world's largest sugar producers. Comparable beet-based sugar refining, sweetener production, and diversified end markets.
• Südzucker AG: Europe's largest sugar producer with diversified food and ingredient portfolio. Comparable sugar refining operations at much larger scale and broader geographic reach.

Direct peers

• Amalgamated Sugar Company: U.S. beet sugar processor and refiner producing granulated and specialty sugars. Comparable beet sugar refining operations and customer base in food manufacturing.
• Domino Foods: Wholesale and packaged sugar arm of ASR Group, distributing refined sugar, liquid sugar, and specialty sweeteners to industrial and food service buyers. Highly comparable wholesale and B2B go-to-market model.
• ASR Group (American Sugar Refining): World's largest sugar refiner, owner of Domino and C&H Sugar brands. Directly comparable as a large-scale refined sugar producer serving food & beverage, industrial, and retail customers across North America.
• Western Sugar Cooperative: U.S. beet sugar cooperative producing granulated sugar and related byproducts. Comparable beet sugar refining and B2B food industry customer base.
• Butternut Mountain Farm: Vermont-based maple syrup producer and packager for retail and food service. Most directly comparable pure-play maple syrup peer to Lantic Maple's business.
• Imperial Sugar: U.S.-based sugar refiner producing granulated, brown, powdered, and liquid sugars for retail and food service. Directly comparable refined sugar product portfolio and customer base.

Emerging players

• Highland Sugar Werks / Maple Producers: Specialty maple syrup and value-added maple product producer. Comparable premium maple product positioning, though at smaller scale than Lantic Maple.
• Wholesome Sweeteners: North American marketer of organic and fair-trade sweeteners including sugar, agave, and honey. Comparable specialty/natural sweetener portfolio and ethical sourcing positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@LanticRogers
• LinkedInlinkedin.com/company/lantic-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rogers & Lantic Sugar