Claim: The "New Zealand Sugar Company" was formed in June 1883 by different conglomerates and businessmen that included the likes of LD Nathan, and Frederick Whitaker (former two-time Prime Minister and six-time Attorney-General of New Zealand), but was eventually re-amalgamated into its parent company Colonial Sugar in 1888 due to the world sugar market collapse in the 1880s.
Evidence: Sir Frederick Whitaker KCMG (23 April 1812 – 4 December 1891) was an English-born New Zealand politician who served twice as the Prime Minister of New Zealand and six times as Attorney-General. The "New Zealand Sugar Company" was formed in June 1883 by the Colonial Sugar Refining Company, the Victorian Sugar Company, and a number of prominent Auckland businessmen, including Sir Frederick Whitaker, Allan Kerr Taylor, LD Nathan (of Lion Nathan), and AG Horton and JL Wilson (of Wilson & Horton). However, a collapse in the world sugar market in the 1880s led the New Zealand Sugar Company to be re-amalgamated into its parent company Colonial Sugar in 1888.