PepsiCo buys Siete Foods for $1.2 billion to expand into healthier food options.

PepsiCo has acquired Siete Foods, a maker of Mexican-American foods like tortilla chips and taco seasoning, for $1.2 billion, aiming to boost its healthier food offerings. Siete Foods, which started in Austin in 2014 and is now in 40,000 retailers, fits PepsiCo's strategy to expand into nutritious foods. PepsiCo plans to keep Siete's unique brand while making its products more accessible.

2 months ago
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