Empresas Polar Acquires San Antonio-Based Snack Company Ricos Products

Empresas Polar announced that its subsidiary, Alimentos Polar International, Inc., has acquired Ricos Products Co., a fifth-generation, family-owned snack food company headquartered in San Antonio, Texas. Financial terms of the transaction were not disclosed.

Transaction Details and Continuity

• Headquarters: Ricos will maintain its headquarters in San Antonio.
• Leadership: Current management operations and team will remain in place.
• Advisors: BofA Securities served as exclusive financial advisor and Norton Rose Fulbright acted as legal advisor to Ricos, while Balandra Capital and Skadden advised Empresas Polar.

Company Backgrounds

Founded in Caracas, Venezuela, in 1941, Empresas Polar is a family-owned food and beverage company operating across multiple international markets. Ricos Products Co., established in 1909, is known as the originator of concession nachos and supplies snack items to retailers and venues globally.

Verification and Further Information

Readers can review the original announcement on PR Newswire or visit the official websites at empresaspolar.com and ricos.com for additional details.