The multinational Polar companies announced the acquisition of two paste and flour production plants, based on corn, in Barranquilla. This transaction was made through the APC Barranquilla SAS company, these purchases were made to group 3 Castles – Rafael del Castillo & Cia Sa
From the company they claim that “Polar companies and their subsidiary in Colombia, Polar food, acquire industrial capabilities in the Colombian Caribbeanwhich will improve their attention to local customers and strengthen their exports to Central America, Caribbean and the USA “.
In the company they affirm that, after this acquisition, the supply for the national and Latin American market can be guaranteed. “In addition, it will reinforce its offer and its price-value relationship, betting on the committed and passionate talent of its collaborators,”the entity added in a statement.
“With this important acquisition, polar companies and its subsidiary in Colombia Food Polar, they continue to consolidate their presence in the country, demonstrating confidence and commitment through new investments that production levels will increase, will march agriculture in the region and generate new job opportunities, “said Polar Companies.
Polar companies is a Venezuelan multinational founded in 1941 in Caracas by Lorenzo Alejandro Mendoza Fleury, Juan Simón Mendoza, Rafael Luján and Karl Eggers. Initially known for its beer production, the company has diversified its operations over the years, covering industries such as food, non -alcoholic beverages, cleaning and agroindustrial products.
