Official press release from PepsiCo or Siete Foods, major news outlets like Wall Street Journal

$PEP: PepsiCo in Advanced Talks to Acquire Siete Foods for Over $1 Billion

Sep 30, 2024, 08:48 PM

PepsiCo ($PEP) is reportedly in advanced talks to acquire Siete Foods, a popular tortilla-chip maker known for its gluten-free and grain-free products, for over $1 billion. The potential acquisition, as reported by the Wall Street Journal, would expand PepsiCo's portfolio into healthier snack alternatives. Siete Foods, a family-run business, focuses on tortillas, chips, and other healthier alternatives, aligning with PepsiCo's strategy to diversify its product offerings.