PepsiCo acquires Siete Foods for $1.2 billion
This acquisition is a clear indication of PepsiCo (NASDAQ:PEP)'s strategy to adapt and grow within the health-conscious segment of the food industry. The information reported is based on a press release statement from PepsiCo.
PEPSICO COMPLETES ACQUISITION OF SIETE FOODS
PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that it has closed the acquisition of Garza Food Ventures LLC, dba Siete Foods ("Siete"), for $1.2 billion.
Siete's $1.2B acquisition by PepsiCo finalized
Siete is officially part of PepsiCo Inc. The global food and beverage company announced plans to acquire Austin-grown Garza Food Ventures LLC, known as Siete, late last year — a $1.2 billion deal that was finalized Jan. 17. It’s unclear if Siete will move its headquarters or continue to be based in Austin.
Siete Foods officially joins the PepsiCo stable of brands
PepsiCo (NASDAQ:PEP) closed on its $1.2 billion acquisition of Siete Foods on Friday, in a move that expands its portfolio with an authentic Mexican-American brand. The deal is anticipated to enhance PepsiCo's (NASDAQ:PEP) multicultural offerings and strengthens its position in the better-for-you food segment.
PepsiCo closes $1.2 billion Siete Foods acquisition
PURCHASE, NY. — Three-and-half months after unveiling the $1.2 billion deal, PepsiCo, Inc. has wrapped up its acquisition of Mexican-American food and snack brand Siete Foods.
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PepsiCo, Inc.: Pepsico Completes Acquisition Of Siete Foods
Deal Will Expand PepsiCo's Food Portfolio to Include More Options for Consumers Looking for Positive Choices and Simple Ingredients PURCHASE, N.Y. and AUSTIN, Texas, Jan. 17, 2025 /PRNewswire-HISPANIC ...