DW Montgomery & Company

DW Montgomery & Company was formed by David W. Montgomery Sr., Paul Montgomery and David W. Montgomery Jr. in 1978. Prior to establishing the company, David Sr. was a managing partner of Stevenson, Montgomery & Clayton a leading U.S. sugar brokerage firm that at one time represented thirty U.S. beet and cane producers in the U.S. in addition to importing refined white sugar from various producers around the world. The company was a member of the NY Coffee, Sugar and Cocoa Exchange in NY and was an Associate Member of the United Terminal in London. The firm specialized in industrial sugar hedging for many major food companies in addition to their role in white sugar sales. With the advent of high fructose corn syrup, which lead to the total loss of the soft drink bottling business in the early 1980s, the company turned its focus from refined white sugar to specialty sugars as a means to diversify from a declining market for white sugar. Many U.S. beet and cane processors were either consolidated or closed their businesses during this turbulent period.