PepsiCo to buy tortilla-chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo said Tuesday that it’s buying Mexican-American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years.

PepsiCo to buy tortilla-chip maker Siete Foods for $1.2 billion

(Reuters) -PepsiCo will buy tortilla-chip maker Siete Foods for $1.2 billion, the Frito-Lay owner said on Tuesday, beefing up its portfolio amid a shift among cost-conscious consumers to private label brands. Texas-based Siete Foods, founded in 2014 by Veronica Garza, also makes products such as enchilada sauce and Mexican wedding cookies. The transaction is expected to close in the first half of 2025. Deal-making in the packaged food industry h…

Austin company Siete Foods to be purchased by PepsiCo in $1.2B agreement

The Austin-based Mexican-American brand is getting acquired by Pepsi in a $1.2 billion deal.

PepsiCo to acquire tortilla-chip maker Siete Foods for $1.2B

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PepsiCo Acquires Eva Longoria-Backed Siete Foods in $1.2 Billion Deal to Boost Frito-Lay's Tortilla Chip Game - Share Price India News

PepsiCo has announced that it will purchase Siete Foods’ parent company, Garza Food Ventures, for $1.2 billion. This deal will help PepsiCo, which owns Frito-Lay, expand its snack options as more consumers turn to private-label brands to save money. Siete Foods, which is supported by actress Eva Longoria, is famous for its grain-free tortilla chips and taco shells. The company also makes products like enchilada sauce and Mexican wedding cookies.…

Weil Advises Siete Foods in $1.2B Sale to PepsiCo

Weil is advising Siete Foods and Stripes in the sale of Siete to PepsiCo for $1.2 billion. The transaction is expected to close in the first half of 2025. Founded in 2014, Siete produces authentic heritage-inspired tortillas, salsas, seasonings, sauces, cookies, snacks and more. Siete’s products can be found in grocery stores, club stores, and organic food retailers primarily across the U.S. The acquisition will complement PepsiCo’s portfolio wi…