• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

by October 2, 2024
written by October 2, 2024

PepsiCo said Tuesday that it’s buying Mexican-American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years.

Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Recent additions include Bare Snacks, Health Warrior and PopCorners.

Soon that will also include Siete. Founder Veronica Garza started the company in 2014, when she began selling grain-free tortillas. Since then, its portfolio has grown to include tortilla chips, taco shells, salsas and seasonings, often designed to accommodate different dietary restrictions. Retailers like Target, Kroger, Whole Foods and CVS carry the company’s products.

“We look forward to expanding our multicultural portfolio with these incredible products and even more consumers discovering and enjoying Siete,” Pepsi CEO Ramon Laguarta said in a statement.

The deal is expected to close in the first half of 2025, assuming it receives regulatory approval.

Deal-making has picked up this year for packaged food companies, who are turning to acquisitions to drive sales growth as shoppers buy less of their products. In August, M&M’s owner Mars announced it would buy Pringles parent Kellanova in a deal valued at nearly $36 billion. This March, Campbell Soup completed its $2.7 billion acquisition of Rao’s pasta sauce maker Sovos Brand.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Voters react to Gov Tim Walz dodging Tiananmen Square question: ‘I’m a knucklehead at times’
next post
Trump says Walz ’embarrassed himself’ compared to Vance’s ‘brilliance’ at VP debate

related articles

JPMorgan marks 1,000th branch opening since 2018 expansion...

August 1, 2025

Apple crushes Wall Street expectations as iPhone sales...

August 1, 2025

Ontario cancels internet deal with Musk’s Starlink as...

July 31, 2025

Trump ends de minimis exemption for global low-cost...

July 31, 2025

Recall warns some Celsius energy drink cans accidentally...

July 31, 2025

Union Pacific to buy Norfolk in $85 billion...

July 29, 2025

Things are getting better at Boeing under CEO...

July 29, 2025

Elon Musk confirms Tesla has signed a $16.5...

July 28, 2025

Palantir joins list of 20 most valuable U.S....

July 26, 2025

FCC greenlights Paramount’s $8 billion merger with entertainment...

July 25, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Margin of error race between Harris and Trump as 2024 election enters final stretch

    September 2, 2024
  • ‘We are bullish’: House GOP takes aim at these 26 Dem seats in midterms

    March 17, 2025
  • Terror attack rocks Israel; three buses reportedly explode

    February 20, 2025
  • EURUSD and GBPUSD: Euro under pressure drops below

    September 27, 2024
  • Top 5 moments from Night 2 at the Republican National Convention

    July 17, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,603)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Vance breaks key tie after Senate fails to reject Trump’s national emergency on tariffs

    May 1, 2025
  • Check a trade – How To Find a Reliable Tradesperson?

    August 12, 2024
  • EPA fires or reassigns hundreds working on ‘environmental justice’

    April 23, 2025

Recent Posts

  • Disney will name Bob Iger’s replacement in early 2026

    October 21, 2024
  • House GOP fiscal hawks warn Trump tax cuts in danger of expiring under new Senate-backed plan

    December 11, 2024
  • Trump admin secures release of American missionary held in Tunisia for 13 months: report

    April 13, 2025

Editor’s Pick

  • U.S. Steel sues Biden admin, union boss after president blocks acquisition deal

    January 7, 2025
  • Solana and Cardano: Solana breaks yesterday’s support

    August 1, 2024
  • Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

    June 29, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock