| Formerly | South Porto Rico Sugar Company (1900–1959) |
|---|---|
| Company type | Public |
| Industry | Agriculture |
| Founded | November 15, 1900 |
| Defunct | 1967 |
| Fate | Acquired by Gulf and Western Industries |
| Successor | Gulf and Western Americas Corporation |
| Headquarters | Jersey City, New Jersey, United States |
| Subsidiaries | Central 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]
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]