The Verapaz Railroad began on 15 January 1894 with a contract for 99 years between Guatemala, then ruled by president José María Reina Barrios, and Walter Dauch, representative of the "Verapaz Railroad & Northern Agency Ltd." The contract settled the rules for the construction and maintenance of a 30 mile railroad line between Panzós and Pancajché.

Passenger service travelled twice a week, on Mondays and Thursdays; mail also arrived by ship every Wednesday and cargo came from Livingston, Izabal.

By taking advantage of the pro-German policies of president Justo Rufino Barrios, Mauricio Thomae gathered the following coffee haciendas:[5] During the régime of general Jorge Ubico (1931-1944), Mauricio Thomae became one of the most influential German Verapaz landowners, along with the Sarg, Sapper and Diesseldorf families.

[5] For most of the 20th century, the Thomae family kept Puruhlá under its control thanks to their large coffee plantations and farm land holdings, and despite the expulsion of most Germans from Guatemala during World War II.

After the coffee crisis in 2000, the Thomaes diversified their investments into the power, tourism and forest incentive businesses; in fact, by 2015 they were planning on building the Enerjá megaproject (25 MW) which will connect to their other power generation project, El Cafetal (8,36 MW) in Finca Bremen, also owned by the Thomaes.