# Empresas Polar Acquires Ricos With San Antonio Operations Staying in Place

The buyer says Ricos will retain its headquarters and current management following the acquisition.

By Will Langan | 24X7 News
Published: 2026-10-30T17:08:28.335Z
Updated: 2026-10-30T17:08:28.335Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/empresas-polar-ricos-products-acquisition-october-2026

Empresas Polar announced October 30 that its subsidiary Alimentos Polar International acquired Ricos Products, the San Antonio supplier of nacho cheese sauce, chips, popcorn and other concession and retail foods.

Financial terms were not disclosed. The announcement describes a completed acquisition, while plans for subsequent expansion remain prospective.

Ricos will keep its San Antonio headquarters, operations and existing management team, according to the buyer’s announcement. Chief executive Tony Liberto described the transaction as a new stage for the fifth-generation family business.

Founded in 1909, Ricos supplies retailers, theaters, stadiums and other food-service channels. The company says its products reach more than 80 countries.

Empresas Polar, founded in Venezuela in 1941, already operates in the United States. Its announcement cites a Florida beverage-production investment in 2010 and a Greenville, Texas, grains-and-cereals plant opened in 2014.

The Ricos purchase adds an established U.S. concession-food business to that existing footprint. The companies described broader distribution and product development as objectives, rather than announcing completed increases in sales or production.

BofA Securities advised Ricos financially and Norton Rose Fulbright provided legal advice. Empresas Polar identified Balandra Capital as financial adviser and Skadden as legal adviser.

Sources: Empresas Polar’s October 30 Ricos acquisition announcement.

## Sources
- Ricos — October 30, 2026 Primary Announcement: https://www.prnewswire.com/news-releases/empresas-polar-welcomes-ricos-products-originator-of-concession-nachos-to-its-family-of-companies-302925002.html