Austin company Siete Foods to be purchased by PepsiCo in $1.2B agreement
On Tuesday, PepsiCo announced a $1.2 billion agreement to purchase Siete Foods, a Mexican-American brand that sells chips, tortillas, sauces and more. The deal is expected to be officially approved in the first part of next year, with limited specifics available at this time.
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’s stock rose Tuesday, bucking the selloff in the broader stock market, after the beverage and snacks giant announced ...
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