Empresas Polar acquires Ricos Products, originator of concession nachos
Ricos, a fifth-generation San Antonio snack maker of nacho cheese, chips and popcorn, sold to Venezuela's Empresas Polar; terms undisclosed.
Empresas Polar, the family-owned Venezuelan food and beverage company, said its subsidiary Alimentos Polar International, Inc. has acquired Ricos Products Co., a San Antonio family business that markets and supplies nacho cheese sauce, chips, popcorn and other products to retailers and concession stands worldwide. Terms were not disclosed.
Ricos will keep its operations and management team in place and remain headquartered in San Antonio. Ricos CEO Tony Liberto said the Liberto family found in Empresas Polar a steward that shares its heritage as a family-built food company. Empresas Polar CEO Lorenzo Mendoza said the company would invest in Ricos' continued growth.
The deal builds on Empresas Polar's presence in the United States, which dates to its 2010 acquisition of a Florida production facility. BofA Securities and Norton Rose Fulbright advised Ricos. Balandra Capital and Skadden advised Empresas Polar.
Deal facts
- Target
- Ricos Products
- Business
- Family-owned San Antonio snack food company that makes nacho cheese sauce, tortilla chips and popcorn, and is described as the originator of concession nachos.
- Buyer
- Alimentos Polar International, Inc.
- Seller
- Liberto family
- Deal type
- Strategic
- Headquarters
- San Antonio, Texas
- Advisers
- BofA Securities financial adviser to Ricos Products Co.
- Norton Rose Fulbright legal counsel to Ricos Products Co.
- Balandra Capital financial adviser to Empresas Polar
- Skadden legal counsel to Empresas Polar
- Status
- Completed
- Announced
- Friday, October 30, 2026
Sources
- PR NewswireOct 30, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.