PepsiCo Completes $1.2 Billion Acquisition of Siete Foods

PepsiCo, Inc. has finalized the purchase of Garza Food Ventures LLC, dba Siete Foods, for $1.2 billion. The acquisition aims to expand PepsiCo's food offerings with more options for consumers seeking healthier choices and simple ingredients. Siete's range of authentic, better-for-you products includes Grain Free Tortillas, Enchilada Sauces, Taco Seasonings, Botana Sauces, Mexican Cookies, Vegan Beans, Grain Free Puffs, Tortilla Chips, Potato Chips, and Salsas, available at over 40,000 retailers. 

PepsiCo's vision is focused on sustainability and human capital, aiming to lead in beverages and convenient foods by creating value and growth through positive change for the planet and people. 

Siete Foods, a Mexican-American food brand founded in Austin, TX, in 2014, aims to inspire inclusivity around the table by offering heritage-inspired foods catering to various dietary needs and preferences. The acquisition represents a significant milestone for Siete's growth and expansion, with the brand's commitment to honoring and amplifying its products and welcoming more people to join the Siete family.

PepsiCo's products are enjoyed by consumers in more than 200 countries and territories globally, generating over $91 billion in net revenue in 2023. The company's product portfolio includes a wide range of enjoyable foods and beverages, such as Lay's, Doritos, Cheetos, Gatorade, and Quaker.

PepsiCo's forward-looking statements are based on available information, operating plans, and projections about future events and trends. The company emphasizes that such statements inherently involve risks and uncertainties, and investors are cautioned not to place undue reliance on forward-looking statements.

Discover more about PepsiCo's aquisition here.