Norton Rose Fulbright advises Ricos in its sale to Alimentos Polar

Global law firm Norton Rose Fulbright represented Ricos Products Co. (Ricos), the originator of concession nachos, in its sale to Alimentos Polar International, Inc. (Alimentos Polar), a subsidiary of Empresas Polar, a family-owned Venezuelan food and beverage company. The deal closed on October 30, 2026.

Founded in 1909, Ricos is a fifth-generation, family-owned branded snack food company headquartered in San Antonio and a leading marketer and supplier of nacho cheese sauce, tortilla chips, popcorn and other food products to retailers and concession stands worldwide.

Empresas Polar was founded in 1941 and is led by the third generation of the Mendoza family. Its portfolio includes brands such as Harina P.A.N., Cerveza Polar and Maltín Polar, with operations spanning Venezuela, Colombia, the United States, Spain and other international markets.

The transaction is expected to expand Ricos' global reach and help the company continue delivering high-quality products. Ricos' operations and management team will remain in place and the company will continue to be headquartered in San Antonio.

Norton Rose Fulbright's team was led by Daryl Lansdale and included Bryan Wittman (San Antonio), Cassidy Tennyson and Hannah Choi (Dallas). Additional support was provided by Todd Schroeder (Dallas) on tax and Matt Grunert (Houston) on employee benefits.

The firm's corporate, M&A and securities lawyers advise corporations, investors and financial institutions on complex domestic and cross-border transactions across a broad range of industries, including public takeovers, private M&A, joint ventures, disposals, debt and equity capital markets, governance, general commercial and corporate advisory issues.