Nutresa Completes Acquisition of Venezuela’s Tio Rico Ice Cream Business
Colombian food group Grupo Nutresa has completed its acquisition of Venezuelan ice cream producer Industrias Tio Rico, taking control of a business with eight brands, a manufacturing plant and five distribution centers. The deal expands Nutresa’s operations in Venezuela under the leadership of Jaime Gilinski. Nutresa confirmed the closing on Oct. 28, 2026, after announcing […]
Colombian food group Grupo Nutresa has successfully completed its acquisition of Venezuela's Tio Rico ice cream business, taking control of a company with eight brands, a manufacturing plant, and five distribution centers. The deal, which closed on October 28, 2026, expands Nutresa's operations in Venezuela under the leadership of Jaime Gilinski.
The purchase price has not been disclosed, but Colombian business daily La Republica, citing a Bloomberg report, valued the transaction at approximately US$30 million. The acquisition includes Tio Rico and seven other brands, giving Nutresa control of an established ice cream market in Venezuela, which Tio Rico holds approximately 55% of.
Brief written by urgent.news from Colombia One's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
