Beta
San Miguel was established in 1987 with the objective
of participate in the privatization process. It is
owned by group of investors led by Polycrom, S.A. de
C.V., a company with many years’ experience in the
Mexican sugar industry. The other investors are large
industrial consumers of sugar. In July 1996 Beta San
Miguel acquired a fifth sugar mill, Constancia, which
was founded in 1912, and was one of
the 14 mills that remained in private ownership during
the 1970s and 80s after the government took over most
of the nation’s sugar mills. |