South Puerto Rico Sugar Company

South Puerto Rico Sugar Company
FormerlySouth Porto Rico Sugar Company (1900–1959)
Company typePublic
IndustryAgriculture
FoundedNovember 15, 1900
Defunct1967
FateAcquired by Gulf and Western Industries
SuccessorGulf and Western Americas Corporation
HeadquartersJersey City, New Jersey, United States
SubsidiariesCentral Romana By-Products
Central Romana Corporation
Guánica Agricultural Service Company
Magdalena Development Corporation
Okeelanta Sugar

The South Puerto Rico Sugar Company (SPRSCO) was a multinational corporation based in New York. Founded in 1900, it operated in Puerto Rico from 1901 and in the Dominican Republic from 1910.[1]

History

The company was incorporated on November 15, 1900, as the South Porto Rico Sugar Company by German-American businessmen.[2]

In 1901, construction of the Central Guánica sugar mill began.[citation needed]

In 1908, South Porto Rico Sugar acquired Central Fortuna from the Compagnie des Sucreries de Porto Rico for $1,750,000. It was the biggest sugar estate transaction in Puerto Rico at the time.

In 1912, it established the Central Romana Corporation as a subsidiary.[3]

In 1959, South Porto Rico Sugar Company changed its name to South Puerto Rico Sugar Company.[4]

In 1964, South Puerto Rico Sugar Company acquired Okeelanta Sugar Refinery, Inc.[5]

In 1967, South Puerto Rico Sugar Company was acquired by Gulf and Western Industries, becoming part of its Gulf and Western Americas Corporation division.[6]

References

  1. ^ LeGrand, Catherine (January–June 2013). "Sugar and Power in the Caribbean. The South Porto Rico Sugar Company in Puerto Rico and the Dominican Republic, 1900–1921 by Humberto García Muñiz (review)". Caribbean Studies. 41 (1): 214–217. doi:10.1353/crb.2013.0001 – via Project MUSE.
  2. ^ "Guanica Centrale". Retrieved 2024-07-11.
  3. ^ [1], Central Romana Corporation, Ltd.
  4. ^ "South Porto Rico Sugar". The New York Times. February 14, 1959. Retrieved 2024-07-11.
  5. ^ "2 SUGAR CONCERNS PLANNING MERGER; South Puerto Rico Seeking to Acquire Okeelanta". The New York Times. September 18, 1964. Retrieved 2024-07-10.
  6. ^ "G. & W.'s Role in the Caribbean". The New York Times. June 24, 1975.