From CNBC: 2024-10-01 14:21:32

PepsiCo acquires Siete Foods for $1.2 billion, focusing on healthier food options, including grain-free tortillas, tortilla chips, salsas, and more. Popular retailers carry Siete’s products, targeting customers with different dietary restrictions. Deal expected to close in the first half of 2025, pending regulatory approval. Packaged food companies like Mars and Campbell Soup also engaging in acquisitions to boost sales growth.



Read more at CNBC: PepsiCo to buy Siete Foods for $1.2 billion