PepsiCo Close to Agreement with Tortilla Chip Maker Siete Foods – WSJ

PepsiCo is reportedly close to finalizing an agreement to acquire Siete Foods, a well-known producer of tortilla chips and other snack foods. Siete Foods has gained popularity for its grain-free products that cater to health-conscious consumers. The potential acquisition aligns with PepsiCo’s strategy to expand its portfolio in the snack food market, especially within the growing segment of healthier options. The deal could enhance PepsiCo’s presence in the rapidly evolving snack industry, where demand for nutritious and flavorful alternatives continues to rise. Further details on the agreement are expected soon as negotiations progress.