Texas
Popular Texas snack brand Siete Foods to sell for $1.2 billion to PepsiCo
Grain-free brand Siete Foods is getting a new owner with North Texas ties. The company is being acquired as part of a $1.2 billion deal.
PepsiCo will buy Siete Foods parent Garza Food Ventures for $1.2 billion, the Frito-Lay owner said on Tuesday, beefing up its snacking portfolio amid a shift to private-label brands among cost-conscious consumers.
The company, backed by actor Eva Lon... [1683 chars]