• 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

U.S. foreign tax bill sends jitters across Wall...

May 30, 2025

Amazon taps Xbox co-founder to lead new team...

May 30, 2025

Nvidia results spark global chip rally

May 30, 2025

Boeing to resume airplane deliveries to China next...

May 29, 2025

E.l.f. Beauty to acquire Hailey Bieber skin care...

May 29, 2025

Dick’s Sporting Goods stands by full-year guidance —...

May 28, 2025

Macy’s CEO says retailer will hike some prices...

May 28, 2025

23andMe to delist from Nasdaq, deregister with SEC

May 28, 2025

Walmart fined for shipping realistic toy guns to...

May 28, 2025

Why Trump’s iPhone tariff threat might not be...

May 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

  • Iran beware: US moves these 6 top of the line strike options into position in the Middle East

    August 12, 2024
  • Trump’s ‘wrong-headed’ effort to lower drug costs amounts to price control: expert

    May 13, 2025
  • House Republicans continue Fani Willis investigation, requesting documents from DA employees

    February 8, 2025
  • Ethereum price is close to forming a new weekly high

    August 23, 2024
  • Nasdaq Slumps as CPI Data Aligns with Expectations

    August 16, 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

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

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    July 19, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,731)
  • Investing (624)
  • Stock (775)

Latest Posts

  • Trump camp says Dem rhetoric ‘directly to blame’ for past assassination attempts

    October 24, 2024
  • Oil continues to rise on Monday; natural gas has stabilized

    August 12, 2024
  • ‘Be aware’: House lawmakers describe what it’s like living under threat by China, Iran

    November 25, 2024

Recent Posts

  • Ukraine’s Zelenskyy says Trump lives in ‘disinformation space’ amid rift on Russia talks

    February 19, 2025
  • Explosive new intelligence report reveals Iran’s nuclear weapons program still active

    May 28, 2025
  • Newsom’s deepfake election laws are already being challenged in federal court

    September 20, 2024

Editor’s Pick

  • Trump admin planning to consolidate HIV programs, slashing ‘overhead’ and DEI: official

    March 19, 2025
  • DAVID MARCUS: Harris and Walz’s bizarre skit exposes double standard on race

    August 17, 2024
  • Meta brings eBay to Facebook marketplace: a bold new test for tech giant?

    January 9, 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