A. E. Staley

The A. E. Staley company was a Decatur, Illinois based processor of corn founded in 1898. It changed its name to Staley Continental in 1985. It produced a range of starch products for the food, paper, and other industries, high fructose corn syrup, crystalline fructose (under the brand name Krystar), ethanol (fuel), and other agro-industrial products. A. E. Staley Manufacturing Company was the center of a controversy in 1992 when the company locked out hundreds of workers after the workers had rejected a contract amid accusations by management of destruction and tampering of company property and equipment.

In 1985, A.E. Staley purchased CFS Continental, a wholesale grocery company, for $360 million. A.E. Staley stated a need to diversify away from bulk food processing. After the acquisition, A. E. Staley changed its name to Staley Continental.

Subject ID: 52634

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The A. E. Staley company was a Decatur, Illinois based processor of corn founded in 1898. It changed its name to Staley Continental in 1985. It produced a range of starch products for the food, paper, and other industries, high fructose corn syrup, crystalline fructose (under the brand name Krystar), ethanol (fuel), and other agro-industrial products. A. E. Staley Manufacturing Company was the center of a controversy in 1992 when the company locked out hundreds of workers after the workers had rejected a contract amid accusations by management of destruction and tampering of company property and equipment.

In 1985, A.E. Staley purchased CFS Continental, a wholesale grocery company, for $360 million. A.E. Staley stated a need to diversify away from bulk food processing. After the acquisition, A. E. Staley changed its name to Staley Continental.

In 1988, British company Tate & Lyle acquired 90% of A.E. Staley for $1.42 billion. Prior to the purchase, Tate & Lyle announced that it planned to sell CFS Continental to SYSCO, another wholesale grocer, for $700 million to help fund the acquisition. In 2000, Tate & Lyle acquired the remaining 10% of A. E. Staley.

Subject ID: 52634

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