Business
Sucro Completes Acquisition of Remaining 49% Ownership of Sweet Life Services Subsidiary
Sucro Completes Acquisition of Remaining 49% Ownership of Sweet Life Services Subsidiary ...
About this update from Sucro Limited
[{"type":"text","content":"\n\n\n\n Sucro Completes Acquisition of Remaining 49% Ownership of Sweet Life Services Subsidiary\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CORAL GABLES, Fla.\n \n\n ,\n \n\n Sept. 30, 2025\n \n\n /CNW/ - Sucro Limited (TSXV: SUGR) (OTCQB: SUGRF) (\"\n \n Sucro\n \n \" or the \"\n \n Company\n \n \"), an integrated sugar refiner focused primarily on serving North American sugar markets, announced today that it has completed its previously announced share swap with Amerikoa Holdings, LLC and MB Central-Bond LLC (the \"\n \n MB Companies\n \n \"), companies controlled by\n \n Matthew Dyer\n \n , Sucro's Vice President of U.S. Sales. Under the transaction, a Sucro subsidiary acquired the 49% ownership interest in Sweet Life Services, LLC (\"\n \n Sweet Life\n \n \") not already owned in consideration for (i) the transfer to the MB Companies of a 19% ownership interest in Amerikoa Ingredients, LLC (\"\n \n Amerikoa Ingredients\n \n \") (the MB Companies own the other 81% interest), and (ii) the issuance of 155,550 subordinate voting shares of Sucro at a deemed price of\n \n C$13.35\n \n per share. Sucro also issued an additional 15,215 subordinate voting shares at a deemed price of\n \n C$13.35\n \n per share in consideration for the surrender by the MB Companies of a promissory note for cancellation in the principal amount of\n \n US$142,133\n \n and accrued interest thereon of\n \n US$4,588\n \n . All Sucro shares issued pursuant to the transaction are subject to a 4-month holding period in\n \n Canada\n \n and such longer holder periods as may be required under securities laws of other applicable jurisdictions.\n \n\n\n\n\n\n\n\n\n Sweet Life provides value-added sugar processing and warehousing services and serves as the distribution agent for the Sucro Group's sugar products in\n \n the United States\n \n . Amerikoa Ingredients is a US-based manufacturer and distributor of sweeteners, starches and other ingredient products for the US food and beverage industry.\n \n\n\n Matthew Dyer\n...