South Puerto Rico Sugar Company Explained

South Puerto Rico Sugar Company
Former Name:South Porto Rico Sugar Company (1900–1959)
Type:Public
Fate:Acquired by Gulf and Western Industries
Foundation:November 15, 1900
Defunct:1967
Successor:Gulf and Western Americas Corporation
Location:Jersey City, New Jersey, United States
Industry:Agriculture
Subsid:Central Romana By-Products
Central Romana Corporation
Guánica Agricultural Service Company
Magdalena Development Corporation
Okeelanta Sugar

The South Puerto Rico Sugar Company was an American sugar refining company based in New Jersey.

History

The company was incorporated on November 15, 1900, as the South Porto Rico Sugar Company by German-American businessmen.[1]

In 1901, construction of the Central Guánica sugar mill began.

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.[2]

In 1959, South Porto Rico Sugar Company changed its name to South Puerto Rico Sugar Company.[3]

In 1964, South Puerto Rico Sugar Company acquired Okeelanta Sugar Refinery, Inc.[4]

In 1967, South Puerto Rico Sugar Company was acquired by Gulf and Western Industries, becoming part of its Gulf and Western Americas Corporation division.[5]

Notes and References

  1. Web site: Guanica Centrale . 2024-07-11 .
  2. https://centralromana.com.do/memorias/
  3. Web site: South Porto Rico Sugar. The New York Times. February 14, 1959. 2024-07-11.
  4. Web site: 2 SUGAR CONCERNS PLANNING MERGER; South Puerto Rico Seeking to Acquire Okeelanta. The New York Times. September 18, 1964. 2024-07-10.
  5. News: G. & W.'s Role in the Caribbean. The New York Times. June 24, 1975.