Siete Foods officially joins PepsiCo stable of brands
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.
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.
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