The makers of Pepsi Cola agreed to pay $1.2 billion to obtain Garza Food Ventures dba Siete Family Foods, PepsiCo announced Tuesday.

PepsiCo’s stock rose Tuesday, bucking the selloff in the broader stock market, after the beverage and snacks giant announced an agreement to buy Mexican-American foods maker Siete Foods for $1.2 billion a week before earnings are released.

Read more PepsiCo Inc. has entered a definitive agreement to acquire Austin-based Siete Foods for $1.2 billion, Austin Business Journal reports.

Siete Foods, an Austin-based brand specializing in "better for you" Mexican-American products, is joining PepsiCo's business portfolio in a $1.2 billion acquisition deal. PepsiCo said Tuesday that the deal is intended help add a "rich,

The Lay’s brand owner said the deal will “complement PepsiCo's portfolio with the addition of an authentic, Mexican-American brand”.

PepsiCo Inc. has entered a definitive agreement to acquire Austin-based Siete Foods for $1.2 billion. The deal is expected to close in the first half of 2025, although the transaction is subject to customary closing conditions,

"We look forward to expanding our multicultural portfolio with these incredible products and even more consumers discovering and enjoying Siete." The history of Siete Foods . Siet