What Sucro Sourcing does

Sucro Sourcing is an integrated sugar company that sources raw cane sugar from Latin America and refines it at company-owned micro-refineries in North America, serving industrial food and beverage manufacturers across the United States, Canada, and the Caribbean. The company was founded in 2014 and listed on the TSX Venture Exchange in October 2023 (ticker SUGR), with corporate headquarters in Coral Gables, Florida. Its operations span three refining facilities — Hamilton, Ontario (first new cane sugar refinery built in Canada since 1958), Lackawanna, New York (repurposed from Bethlehem Steel buildings), and University Park, Illinois — together targeting roughly 838,607 metric tons of annual capacity by 2026, plus international trading offices in Miami, Mexico City, Cali, São Paulo, and Port of Spain.

The company's core technology is a micro-refinery architecture developed in partnership with BMA, the global leader in sugar plant engineering, designed for lower capital intensity and greater siting flexibility than traditional large-scale cane refineries. This enables Sucro to place capacity close to customer concentrations (Ontario food manufacturers, US Midwest and East Coast processors, Caribbean markets), reduce inbound and outbound logistics costs, and produce a broad specialty product set including US standard granulated (ECJ) sugar, multiple specialty granulation sizes, brown, yellow and powdered sugars, and organic sugar — where Sucro was the largest US organic sugar importer as of 2021. SweetLife by Sucro and SweetLife Services extend the platform into warehousing, value-added processing, and distribution.

Sucro's revenue model is built on commodity sugar trading margins, per-tonne refining margins at owned facilities, warehousing and managed logistics services through SweetLife, and mark-to-market gains/losses on Sugar No. 11 futures and forward contracts. Go-to-market is enterprise field sales targeting multinational food and beverage manufacturers, supported by USDA Re-export program participation (made possible by holding one of the country's few USDA Sugar Refinery Licenses), and complemented by direct delivery via truck, rail, and ship from strategically located refineries and the Port of Hamilton. The company is expanding into Caribbean refining through joint ventures in Belize and Guyana and has launched Sucro Engineering Services to monetize its process technology.

Name

Sucro Sourcing

Legal name

Sucro Can Sourcing LLC

Website

https://sucro.us

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Sucro Limited is an integrated sugar company that sources raw cane sugar from Latin America and refines it at micro-refineries in Hamilton (Ontario), Lackawanna (NY), and University Park (IL), supplying industrial food and beverage manufacturers and Caribbean markets with conventional, organic, and specialty sugar products.

Ownership category

akta.pro rank

Product category

Sugar Refining and Food Ingredient Manufacturing

NAICS

Cane Sugar Manufacturing (311314), Sugar Manufacturing (31131), Sugarcane Farming (11193), Sugar and Confectionery Product Manufacturing (3113)

SIC

Sugar & Confectionery Products (2060)

akta.pro primary industry

Cane Sugar (Raw & Refined) (AFAJAAAA)

akta.pro secondary industries

Sugar & Sweeteners Trading/Wholesale (AFAIAKAB), Sugarcane Farming (AFAGAEAA)

Keywords

• Refined cane sugar
• Sugar supply chain
• Food ingredient manufacturing
• Organic sugar sourcing
• Specialty sweetener production

Headquarters

HQ city

Coral Gables

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Commodity Sugar Trading: Primary revenue stream from buying and selling raw and refined sugar. Sucro sources raw and refined sugar from countries throughout Latin America and from its own refineries, delivering to customers in North America and the Caribbean. Revenue is driven by sugar prices and delivery volumes.
2. Sugar Refining: Revenue from processing raw sugar into refined sugar at company-owned refineries in Hamilton, Ontario, Lackawanna NY, and University Park Illinois. Generates per-tonne refining margins.
3. Warehousing and Logistics Services: Storage, handling and distribution services through SweetLife Services facilities in University Park Illinois and Atlanta Georgia.
4. Futures and Options Trading: Revenue from sugar futures and options positions including mark-to-market gains and losses on forward contracts and Sugar No. 11 futures positions.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Sucro is an integrated cane sugar refiner that sources raw sugar from Latin America and refines it at company-owned micro-refineries in Hamilton (Ontario), Lackawanna (NY), and University Park (IL), producing conventional, organic, and specialty sugar products (granulated ECJ, brown, yellow, powdered, and large-grain crystals). It sells these refined sugar products in bulk directly to large industrial food and beverage manufacturers across North America and the Caribbean, and operates SweetLife Services warehousing, processing, and distribution for organic and specialty sweeteners.

Product overview

Sucro Sourcing is an integrated sugar company that operates as a platform of sugar refineries and trading operations throughout the Americas. The core offering consists of cane sugar refining operations at company-owned facilities (Hamilton, Ontario; Lackawanna, NY; University Park, Illinois), supplemented by international sugar trading from Latin American sources. The company offers two main product sub-brands: SweetLife by Sucro (conventional cane, organic, and specialty sugar products) and SweetLife Services (warehousing, processing, and distribution). The company is expanding through joint ventures in Belize and Guyana, and has launched a new Sucro Engineering Services division.

Differentiator

Problem solved

Functional benefit

Brands

• SweetLife by Sucro: End-product conventional cane, organic sugar and other specialty sweetener products, along with supply solutions for food manufacturing industry including facilities for processing and warehousing.

Products and services

• Refined Cane Sugar (Conventional Granulated ECJ and Specialty Granulations) Bulk refined cane sugar products, including US standard Granulated (ECJ) sugar and multiple specialty granulation sizes tailored to customer specifications, produced at Sucro's Hamilton (ON), Lackawanna (NY), and University Park (IL) refineries and sold to industrial food and beverage manufacturers.
• Organic Sugar Organic cane sugar supplied through SweetLife by Sucro, distributed and processed via SweetLife Services. Sucro is the largest importer of organic sugar into the United States.
• Specialty Sugars (Brown, Yellow, Powdered, and Large Grain Crystals) Specialty sugars including brown, yellow, and powdered sugars plus large grain crystals for specialty foods and confectionery, produced at Sucro's University Park (IL) refinery.
• SweetLife by Sucro (End-Product Sugar Brand) End-product brand (SweetLife by Sucro) offering conventional cane sugar, organic sugar, and other specialty sweetener products to food manufacturing customers.
• SweetLife Services (Warehousing, Processing, and Distribution) Wholly-owned subsidiary (SweetLife Services) providing distribution warehouse and transfer station services, value-added processing for organic and specialty sugars, and distribution of cane sugar products, operating facilities in University Park, Illinois and Atlanta, Georgia.
• International Raw and Refined Sugar Trading Sourcing and trading of raw and refined sugar from countries throughout Latin America to customers in North America and the Caribbean, including bulk raw sugar sales at origin and sugar futures and options positions.
• Sucro Engineering Services New engineering services division providing engineering services for sugar refinery development, created in connection with the Guyana sugar refinery joint venture.

Quantifiable outcome

• Sugar deliveries increased 29% year-over-year in 2025 to 838,607 MT
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• HMC Farms LLCcoreStrategic or Co-development Partner · 18 March 2026Strategic raw sugar supply agreement with HMC Farms LLC, one of Louisiana's largest cane growers owned by Hugh Andre and brothers Chris and Mike Andre. Supports operations at Sucro's new University Park, Illinois refinery. Agreement provides meaningful new demand for domestic cane sugar production. As part of the partnership, Sucro purchased its first cane farm in Louisiana, managed by HMC Farms, reflecting long-term commitment to US cane growers and domestic refining capacity.
• Santander Sugar LimitedcoreStrategic or Co-development Partner · 5 March 2026Miami-based Sucro and Belize's Santander Sugar Limited announced a $20 million joint venture to build a sugar refinery in Belize capable of supplying over 75% of Caricom's refined sugar needs. Partnership supports regional Caribbean sugar production and food security objectives.
• Guyana Sugar Refinery Joint VentureminorStrategic or Co-development Partner · 10 December 2025Joint venture to develop a sugar refinery in Guyana involving the sale of Hamilton refinery assets to the JV and creation of new engineering services division. Estimated cost of US$20 million. Sucro holds 15% interest in the joint venture.
• Amerikoa IngredientsminorStrategic or Co-development Partner · 8 December 2021Partnership with Amerikoa Ingredients, a veteran-owned business specializing in Organic, Fair Trade, Non-GMO and Sustainable Ingredients. Through Sweet Life Services partnership, provides enhanced specialty ingredient supply chain solutions.
• BMAcoreTechnology or Integration · 7 June 2019Sucro partnered with BMA, the global leader in mechanical and plant engineering for industrial scale sugar production, in developing unique sugar processing technology for the Hamilton refinery. BMA provided essential design, engineering and installation of Sucro's Hamilton sugar refinery and its unique processing capability.
• HOPA PortsminorStrategic or Co-development PartnerHamilton Oshawa Port Authority partnership for the Hamilton, Ontario refinery location. Port provides multimodal transportation infrastructure and supports the agri-food cluster.

Scale indicators19 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• ASR Group: ASR Group (American Sugar Refining) is the world's largest cane sugar refiner, owning Domino, C&H, Florida Crystals, and other heritage brands. It is the dominant North American cane refiner that Sucro is directly challenging with its integrated supply-chain model and micro-refinery approach.
• Cargill: Cargill is one of the largest agricultural commodity traders and sugar merchandisers globally with extensive sugar origination, trading, and refining activities. It competes with Sucro on international sugar trading and serves many of the same multinational food manufacturer customers.
• Louis Dreyfus Company: Louis Dreyfus is a major global agricultural commodity merchant with a significant sugar trading and merchandising business. It overlaps directly with Sucro's international sugar trading operations and Latin American origination network.
• Bunge Limited: Bunge is a global agribusiness and food company with sugar trading and processing operations, and Sucro board member Andrew Ferrier previously served as a Bunge director. Bunge competes with Sucro in sugar merchandising and origination from Latin America.
• Wilmar International: Wilmar is Asia's largest agribusiness group with substantial sugar milling, refining, and merchandising operations. It is comparable as a vertically integrated sugar platform that combines origination, refining, and trading across multiple geographies.
• Tereos: Tereos is a French sugar cooperative and one of Europe's largest sugar producers with operations spanning beet sugar, ethanol, and starch. Comparable to Sucro as a major sugar processor pursuing integrated supply-chain economics, though focused on European beet rather than North American cane.

Emerging players

• Amber Sugar: Amber Sugar operates sugar refining assets in Europe and has been an active consolidator in the refining space. It is comparable to Sucro as a focused sugar refining operator pursuing capacity expansion, though it operates in a different geographic market.

Regional players

• Mitr Phol Sugar: Mitr Phol is the largest sugar producer in Asia and one of the top global sugar millers/refiners. It is comparable to Sucro as a vertically integrated cane sugar platform, though it serves primarily Asian rather than North American markets.
• British Sugar: British Sugar is the sole processor of the UK sugar beet crop and a major producer of sugar and associated products, owned by Associated British Foods. Comparable to Sucro as a vertically integrated sugar refiner serving a regional industrial customer base.

Direct peers

• Beta San Miguel: Beta San Miguel is a major Mexican sugar producer that purchased a 15.9% stake in Sucro in November 2024 and entered a sugar supply agreement. It is a direct strategic peer and supply partner with overlapping cane sugar operations across Latin America and North America.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sucro-can-sourcing
• Facebookfacebook.com/Sucro-CAN-Sourcing-452596438274208

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds7 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sucro Sourcing