Empresas Polar, the family-owned Venezuelan food and beverage group, has acquired Ricos Products Co., the San Antonio company credited with creating concession-stand nachos, through its subsidiary Alimentos Polar International, the companies said on 30 October 2026.
Why Empresas Polar (via Alimentos Polar International, Inc.) is buying Ricos Products Co.
Empresas Polar said it intends to invest in Ricos's growth while preserving its family legacy and San Antonio roots. Ricos chief executive Tony Liberto said the buyer's long-term commitment would allow the company to accelerate growth and innovation.
“Ricos is a true American original”
Deal terms and financing
Financial terms were not disclosed. Ricos's leadership and operations remain in place and the company will continue to be headquartered in San Antonio.
Market context
Ricos was founded in 1909 and is run by the fifth generation of the Liberto family; it is credited with the original shelf-stable cheese sauce for concession nachos and sells in more than 80 countries. Empresas Polar was founded in Venezuela in 1941.
