PepsiCo Announces $1.2 Billion Acquisition of Siete Foods
PEPPepsiCo(PEP) Gurufocus·2024-10-01 23:31

PepsiCo has revealed plans to acquire Siete Foods, a Mexico-USA based food company, for $1.2 billion. This marks PepsiCo's first acquisition in the food industry in nearly five years. In recent years, PepsiCo has aimed to diversify its product lineup to include healthier options, often through acquisitions. The latest additions to PepsiCo's portfolio include brands such as Bare Snacks, Health Warrior, and PopCorners. Siete Foods will soon join these ranks. Siete Foods was founded by Veronica Garza in 2014, ...