The story
The company was founded on November 2, 1937, by the brothers Valdés Cobián: Alfonso, Sabino and Ramón Valdés Cobián, in Mayagüez, the largest city on the west coast of Puerto Rico. The Valdés brothers were following the example of their father, Don Ramon Valdés, who had founded the Mayagüez Light, Power and Ice Company in 1910. In 1938, their first beer, Cerveza India, was released to the public. The company competed with two other native beer breweries, "Real" and "Cerveceria Corona" (Cerveceria Corona de Puerto Rico "subsequently sold its trademark rights to Cervecería Modelo de México, which then launched Cerveza Corona as Modelo's Corona Extra)." Alfonso, as chairman and president, successfully led his company converting it into Puerto Rico's largest beer brewery and manufacturer of canned and bottled soft drinks.
In the late '70s, the brewery was forced to expand its portfolio and produce a lighter beer with less calories than their Cerveza India. Until that time, India was the only alcoholic beverage producing plant in Mayagüez.
In 1985, their main competition, Corona, went bankrupt and left a free way to Cervecería India, which was in full swing after the release of its new product Medalla Light years before. In October 2009, the brewery reverted its name to "Compañía Cervecera de Puerto Rico".
From 2002 to 2017, Camalia Valdés served as president and CEO of the company. In 2017, Grace Marie Valdés succeeded Camalia as president and CEO.
The company works to promote the art and culture of Puerto Rico. It soon later launched an artisanal brewery, Del Oeste Brewery within its main brewing facility.
In 2018, the company announced a distribution agreement to expand the Medalla Light brand into the United States, specifically Florida.
As of March 13, 2023, Medalla Light had expanded into 18 US states with the announcement of entering the Ohio and North Carolina markets. (CT, DC, FL, GA, IL, MA, MD, NC, NH, NJ, NY, OH, PA, RI, TN, VA, WI)
From Wikipedia’s article on Compañía Cervecera de Puerto Rico, shared under CC BY-SA 4.0.4