CORAL GABLES, Fla., Jan. 16, 2025 /CNW/ - Sucro Limited (TSXV: SUGR) (OTCQB: SUGRF) ("Sucro" or the "Company"), an integrated sugar refiner focused primarily on serving North American sugar markets, announced today that a subsidiary of the Company has entered into an agreement (the "Agreement") with a related party for the purchase of a commercial property adjoining Sucro's cane sugar refinery development site in University Park, Illinois, a suburb of Chicago. The property to be acquired consists of 2.42 acres of land and 31,642 square feet of warehouse and office space and is currently leased by the Company. It is contemplated that the property will be incorporated into the Company's previously announced cane sugar refinery development project at that location. The vendor of the property is MB Central-Bond LLC, a company in which Matthew Dyer, Sucro's Vice President of U.S. Sales, is the controlling shareholder.
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Sucro Announces Agreement for Purchase of Adjoining Chicago Property from Related Party
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