De Danske Sukkerfabrikker was founded at the initiative of Carl Frederik Tietgen on 20 April 1872.
The newly established company acquired two existing sugar refineries in Copenhagen from Det kjøbenhavnske Skibsrederi, a subsidiary of H. Puggaard & Co. One of them was the Phønix Sugar Refinery (Rafinaderiet Phønix) on Slotsholmen (Slotsholmsgade/Christians Brygge) and the other was the Helsingørsgade Sugar Refinery, located in the former Helsingørsgade street, between Adelgade and Borgergade.
The first board consisted of Tietgen (chairman), Gustav Brock, E. J. Hvidt, Hans Peter Ingerslev, Tage Reedtz-Thott, Sehestedt-Juul.
Puggaard was succeeded by Carl Gammeltoft as managing director of the company in 1881.
The company was initially dependent on raw sugar from the Danish West Indies.