PepsiCo to Buy Siete in a $1.2B Deal: Will it Boost the Stock?
PepsiCo(PEP) ZACKS·2024-10-03 02:45
PepsiCo, Inc. (PEP) benefits from strength in core categories, diversified portfolio, modernized supply chain, improved digital capabilities and flexible go-to-market distribution systems. In the latest revelation, the company has agreed to buy Garza Food Ventures LLC, dba Siete Foods (Siete), worth $1.2 billion. More on PEP's Latest Transaction Founded 10 years back, Siete offers Mexican-American food. This deal looks forward to complementing PepsiCo's portfolio by adding this attractive Mexican-American b ...