 "Pepsi")
Deal-making within the packaged meals trade has been strong as corporations look to strengthen their portfolios to draw choosy customers grappling with still-high meals costs.
PepsiCo will purchase tortilla-chip maker Siete Meals for $1.2 billion, the Frito-Lay proprietor mentioned on Tuesday, beefing up its portfolio amid a shift amongst cost-conscious customers to personal label manufacturers.
Texas-based Siete Meals, based in 2014 by Veronica Garza, additionally makes merchandise akin to enchilada sauce and Mexican marriage ceremony cookies.
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The transaction is predicted to shut within the first half of 2025.
Deal-making within the packaged meals trade has been strong as corporations look to strengthen their portfolios to draw choosy customers grappling with still-high meals costs.
First Revealed: Oct 01 2024 | 8:05 PM ist
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