PepsiCo completed the acquisition of Siete Foods for $1.2bn.

PepsiCo, an American multinational food, snack, and beverage corporation, completed the acquisition of Siete Foods, a Mexican-American food brand producing tortillas, salsas, seasonings, sauces, cookies and snacks, for $1.2bn. "We're committed to transforming our portfolio to include more positive choices that meet consumer demand for convenient and delicious products. We love the Siete brand for the same reason so many loyal consumers do and are dedicated to preserving its special attributes while making the brand more widely available and accessible on a broader scale," Steven Williams, PepsiCo CEO of North America.