Shortly thereafter, in October of 1960, and mid-way during the construction of a new facility in Recife, Brazil, Cuba's totalitarian regime illegally seized Compañía Ron 'Bacardi' S.A.'s assets in Cuba. The loss amounted to more than $76 million dollars (calculated at a 4.3% compound annual growth rate the loss was in excess of $415.5 million) and 90% of the Company's volume.
Starting again with factories in Mexico, Puerto Rico and another under construction in Brazil, from 1960 onwards the Company's growth was nothing short of remarkable. New facilities and offices were built in the United States (1964 & 1976), Bahamas (1965), Canada (1972), Bermuda (1972) and Spain (1974).
