South Puerto Rico Sugar Company
| Company type | Private |
|---|---|
| Industry | Sugar industry |
| Founded | November 15, 1900 |
| Founder | German-American entrepreneurs |
| Defunct | 1967 |
| Fate | Acquired by Gulf and Western Industries and integrated into Gulf and Western Americas Corporation division |
| Headquarters | New York City , United States |
Area served | Puerto Rico, Dominican Republic, United States |
| Products | Sugar |
| Parent | Gulf and Western Industries (from 1967) |
The South Puerto Rico Sugar Company (SPRSCO) was an international enterprise headquartered in New York. Established in 1900, its operations commenced in Puerto Rico in 1901 and later extended to the Dominican Republic by 1910.
History
The corporation was formed on November 15, 1900, under the name South Porto Rico Sugar Company by a group of German-American entrepreneurs. The construction of the Central Guánica sugar mill began the following year, in 1901.
In 1908, South Porto Rico Sugar purchased Central Fortuna from the Compagnie des Sucreries de Porto Rico for $1.75 million, representing the largest sugar estate sale ever recorded in Puerto Rico up to that point.
The company created the subsidiary Central Romana Corporation in 1912.
In 1959, it adopted the new name South Puerto Rico Sugar Company.
By 1964, the firm expanded its refining operations through the acquisition of Okeelanta Sugar Refinery, Inc.
In 1967, Gulf and Western Industries acquired the company, integrating it into its Gulf and Western Americas Corporation division.