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PepsiCo completes acquisition of Siete Foods to expand its food portfolio and bring positive choices to more consumers

PUBLIC · PEPJan 17, 2025

Acquiring Company

PepsiCo

Acquired Company

Siete Family Foods

PurchaseAustinFood and BeverageFood And BeverageHospitalityFood ProcessingHospitality

Description

PepsiCo, Inc. has successfully closed the acquisition of Siete Foods, marking a strategic move to expand its food portfolio with more positive and nutritious options. With this acquisition, PepsiCo aims to make the Siete brand more widely available and accessible, reaching new fans in even more places. Siete Foods, starting with a single almond flour tortilla, has grown into a diverse portfolio of better-for-you products, and PepsiCo is dedicated to preserving its special attributes while broadening its reach.

Quick answer

PepsiCo is acquiring Siete Family Foods, announced January 17, 2025. PepsiCo is based in Purchase, New York, United States.

How much did PepsiCo pay for Siete Family Foods?
The deal value was not disclosed.
What does PepsiCo do?
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world.
Where are PepsiCo and Siete Family Foods based?
PepsiCo is based in Purchase, New York, United States. Siete Family Foods is based in Austin, Texas, United States.
Who are the decision-makers at PepsiCo?
Fundz holds 3 contacts at PepsiCo. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Food and Beverage and Food And Beverage

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Company Information

Company

PepsiCo

Location

700 Anderson Hill Rd

Purchase, New York, United States

About

PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales. Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of our business strategy and brands. For more information, visit www.pepsico.com.

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Frequently asked

Who acquired Siete Family Foods?

Siete Family Foods was acquired by PepsiCo, based in Purchase. The deal was reported on January 17, 2025. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo is publicly traded (PEP) and operates in Food and Beverage.

When did PepsiCo acquire Siete Family Foods?

PepsiCo's acquisition of Siete Family Foods was reported on January 17, 2025. PepsiCo, Inc. has successfully closed the acquisition of Siete Foods, marking a strategic move to expand its food portfolio with more positive and nutritious options. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Siete Family Foods do?

Siete Family Foods is a family-owned company specializing in grain-free Mexican-American foods. Founded in the mid-2010s, the brand focuses on products that cater to those with dietary restrictions. It is privately held, operating in Hospitality, and is based in Austin.

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