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Oct. 18, 2021, 8:21 a.m. EDT

Memorandum of Agreement Reached at Lantic's Montreal Refinery

MONTREAL, Oct 18, 2021 (GLOBE NEWSWIRE via COMTEX) -- MONTREAL, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the "Corporation") /zigman2/quotes/208987350/delayed CA:RSI +0.82% is pleased to announce that it has reached an agreement with the union representing the majority of employees of the Montreal refinery. This agreement is subject to a ratification vote that will held next week.

The Montreal refinery employs approximately 200 unionized workers. The collective bargaining process between Lantic Inc. ("Lantic") and its four Montreal unions began last winter in light of the expiry, at the end of May, of a five-year collective agreement.

The Montreal refinery is operated by Lantic, a wholly-owned subsidiary of the Corporation.

About Rogers Sugar Inc.

Rogers is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic and its administrative office is in Montreal, Quebec. Lantic operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic's sugar products are marketed under the "Lantic" trademark in Eastern Canada, and the "Rogers" trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups. Lantic owns all of the common shares of TMTC and its head office is headquartered in Montreal, Quebec. TMTC operates bottling plants in Granby, Degelis and in St-Honore-de-Shenley, Quebec and in Websterville, Vermont. TMTC's products include maple syrup and derived maple syrup products and are sold under various brand names, such as L.B. Maple Treat, Great Northern, Decacer and Highland Sugarworks

FOR FURTHER INFORMATION PLEASE CONTACT:

Pierre Boucher
Maison Brison Communications
1.514.731.0000
pierre@maisonbrison.com

COMTEX_395419354/2471/2021-10-18T08:21:07

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/zigman2/quotes/208987350/delayed
CA : Canada: Toronto
$ 6.16
+0.05 +0.82%
Volume: 44,972
July 7, 2022 11:53a
P/E Ratio
13.59
Dividend Yield
5.84%
Market Cap
$636.64 million
Rev. per Employee
N/A
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