A born and raised Austin company is going big time. PepsiCo announced Tuesday that it will purchase Siete Foods for $1.2 billion.  In a statement Tuesday, PepsiCo said the acquisition will complement the brand's portfolio with the addition of an "authentic,

Read more PepsiCo Inc. has entered a definitive agreement to acquire Austin-based Siete Foods for $1.2 billion, Austin Business Journal reports.

It’s a big day for Siete Family Foods. PepsiCo has agreed to acquire the Austin-based packaged food company for $1.2 billion.

PepsiCo, Inc. announced this morning it has entered into a definitive agreement to acquire Siete Foods for $1.2 billion. The transaction is expected to close in the first half of 2025, pending regulatory approval and customary closing conditions.

PepsiCo is reportedly nearing a deal to acquire US-based tortilla-chip manufacturer Siete Foods for more than $1bn. A deal for the Texas-based Siete Foods could be announced soon unless the talks fall apart,

The makers of Pepsi Cola agreed to pay $1.2 billion to obtain Garza Food Ventures dba Siete Family Foods, PepsiCo announced Tuesday.

PepsiCo’s stock rose Tuesday, bucking the selloff in the broader stock market, after the beverage and snacks giant announced an agreement to buy Mexican-American foods maker Siete Foods for $1.2 billion a week before earnings are released.

The Lay’s brand owner said the deal will “complement PepsiCo's portfolio with the addition of an authentic, Mexican-American brand”.

PepsiCo Inc. has entered a definitive agreement to acquire Austin-based Siete Foods for $1.2 billion. The deal is expected to close in the first half of 2025, although the transaction is subject to customary closing conditions,