Merger of U.S.-Mexico sweetener market spurs acquisition
American Sugar Refining, doing business as Domino Sugar, has purchased a sugar mill and refinery in Veracruz, Mexico, to take advantage of reduced trade restrictions, the Miami Herald reports.
American Sugar, which is owned by West Palm Beach-based Florida Crystals and the Sugar Cane Growers Cooperative of Florida, bought Ingenio San Nicolas, which owns and operates a refinery that makes 75,000 tons of refined sugar per year.
All trade restrictions on sweeteners are scheduled to drop away with final phase in of the North American Free Trade Agreement on Jan. 1, creating a more seamless market.
Merger of U.S.-Mexico sweetener market spurs acquisition
