PepsiCo to Acquire Siete Foods for $1.2 Billion

The acquisition of the Austin-based company will expand PepsiCo's portfolio with healthier and multicultural food offerings.

PepsiCo announced it will purchase Siete Foods, a Mexican-American food company, for $1.2 billion.
Siete Foods, founded in 2014 by Veronica Garza, offers grain-free tortillas, chips, taco shells, and salsas.
The acquisition aligns with PepsiCo's strategy to include healthier food options in its portfolio.
The deal is expected to close in the first half of 2025, pending regulatory approval.
Siete Foods was highly sought after, attracting interest from private-equity firms and other food companies.