Grupo Sid is a group of Dominican companies of great business relevance, engaged in the manufacturing and commercialization of mass consumption products. The vision of their founding members and their ongoing diversification have allowed them to successfully venture in areas like agro industry, water processing, meat products, dairy products, cattle raising, floriculture, gas stations, and entertaining businesses.
The SID Group is currently made up of several enterprises that hold significant market share: MercaSID, Induveca, Agua Crystal, Induspalma, SID Entertainment, Agrocítricos, Flordom, Cítricos Tropicales and DIPSA.
Over its almost 80 years of existence, the SID Group has turned into a dynamic consortium, oriented to satisfy the needs of Dominican consumers. By entering into strategic alliances with important domestic and international enterprises, its product portfolio experiences constant growth. In addition to the already traditional manufacture of edible oils and fats, the SID Group’s excellence has led it to be established as distributor of internationally prestigious brands such as Kimberly Clark, Hershey’s, Pillsbury, Fígaro, Campofrío, Parmalat, Santal, Kraft, Clorox, Häagen-Dazs, Kellogg’s, Miller, Red Bull, Dannon, Solae and General Mills.
Sociedad Industrial Dominicana, C. por A. (SID) was founded on July 1st, 1937 in Santo Domingo, Dominican Republic, by José María Bonetti Burgos and Jesús Armenteros Seisdedos, as a company to be engaged in the manufacturing of edible vegetable oils. Through the years, “La Manicera” has been continually expanding to include a significantly wide range of products until reaching the great diversity it has today, a company whose Brands are among the favorites of Dominican families.
Sociedad Industrial Dominicana (SID) becomes a country-wide leader in the oil category, but also enters the harsh soap market.
Sociedad Industrial Dominicana (SID) enters into a Royalty Agreement with Unilever Export Limited; this agreement allowed the company to introduce a great variety of oils, margarines and washing soaps in the market.
Maicera Dominicana is founded, a subsidiary of Sociedad Industrial Dominicana (SID).
Sociedad Industrial Dominicana (SID) launches Diamante oil in the market.
A port terminal is built in order to provide logistic support to the ships contracted by MercaSID. Besides receiving and handling liquids and grains, this terminal has great storage capacity.
Induspalma Dominicana, a palm oil industrial project, begins operations achieving high levels of production and efficiency and taking a major step in the social development of the communities they work with.
Sociedad Industrial Dominicana (SID) becomes Kellogg’s distributor in the Dominican Republic, with their worldwide known cereal brands.
With the purpose of conquering international flower markets, Flordom is established in the mountainous communities of Jarabacoa and Constanza.
Agrocítricos, a subsidiary of Sociedad Industrial Dominicana (SID), begins operations in El Valle, Hato Mayor Province to engage in the production of fresh oranges.
Sociedad Industrial Dominicana (SID) launches Margarina Mazorca and Fígaro Olive Oil in the Dominican market.
MercaSID acquires control of Manantiales Crystal’s operations and incorporates a new company called Agua Crystal, which currently holds significant market share in the Dominican Republic and has been awarded several times thanks to the quality of its products.
Induveca acquires license to manufacture and sell Campofrío products.
MercaSID launches the first edition of Caminantes por la Vida, an outstanding event that has set a precedent in the country.
Induveca opens its dairy plant and acquires the Yoka brand. The company began engaging in other product categories, such as desserts and drinks, expanding their offer of refrigerated products and adding other brands to their portfolio to strengthen their leading position in the market.
In this year Sociedad Industrial Dominicana (SID) emerges as the SID Group, bringing together MercaSID, Induveca, Agua Crystal and Induspalma. We celebrate our 70th anniversary, acknowledging our employees with more than 10 years in the company and carry out sports events under the name of OlimpiSID, with the purpose of emphasizing our core values: to grow, serve, protect and share.
The SID Group begins operations of SID Franchises, responsible for the operation of the renowned Pizza Hut, Chili’s and Häagen-Dazs franchises.
The SID Group also acquires local representation for Dannon Company, one of the most well known dairy product companies.
The SID Group begins operations of the SID Entertainment business unit, which engages in the management of family-oriented entertainment media, bringing together domestic TV channels, radio stations, sports teams such as Escogido Baseball Club, Los Leones de Santo Domingo Basketball team (LNB) and Dominican National Basketball Team (Selección Dominicana de Baloncesto).
The SID Group, through MercaSID, acquires distribution rights for Red Bull and SAB Miller.
To create wellbeing by building and generating value in order to provide and ensure better conditions to all the stakeholders of our organization: our consumers, our customers, our suppliers, our staff, our shareholders and our community.
To become the Caribbean’s leading business group, well known by the success of our companies, as they add value and meaning to our consumers’ everyday life, through our brands, products and services of the highest quality.
At SID we are committed to improving our society’s well-being by providing first-class products and services, needed for everyday life, strengthening our most important assets: our brands, our human resources and the quality of our products and services.