Texas-based Siete Foods to be acquired by PepsiCo in $1.2 billion deal

Oct 3, 2024 at 1:44 PM

Siete Foods' Acquisition by PepsiCo: A Fusion of Flavors and Wellness

In a groundbreaking $1.2 billion deal, PepsiCo, the global snack and beverage giant, has announced the acquisition of Siete Foods, the health-conscious Mexican American food company with deep roots in South Texas. This strategic move not only expands PepsiCo's portfolio but also highlights the growing demand for authentic, nutritious, and culturally-inspired food options.

Unlocking the Potential of Siete Foods' Culinary Legacy

Embracing the Garza Family's Vision

The Garza family, hailing from Laredo, Texas, founded Siete Foods in 2014 with a mission to provide healthier alternatives to traditional Mexican American cuisine. Driven by Veronica Garza's personal health journey, the company has since become a trailblazer in the industry, offering a diverse range of grain-free tortillas, enchilada sauces, taco seasonings, botana sauces, cookies, beans, grain-free puffs, and salsas. These products cater to the growing demand for dietary-friendly options, catering to individuals with various food allergies and restrictions.

Siete Foods' Culinary Innovations

Siete Foods' success can be attributed to its unwavering commitment to quality and innovation. When Veronica Garza was diagnosed with multiple autoimmune conditions as a teenager, she embarked on a journey to create healthier alternatives to traditional Mexican staples. The family's dedication to developing delicious, grain-free tortillas that not only met their dietary needs but also exceeded the taste expectations of their matriarch, Grandma Campos, has been a driving force behind the brand's popularity.

Expanding Accessibility and Visibility

Siete Foods' products have gained widespread recognition and distribution, with their offerings now available at major retailers such as Costco, Walmart, Target, Kroger, Whole Foods, Natural Grocers, Publix, Erewhon, Sprouts, H-E-B, Hy-vee, and Wegmans. This extensive reach has allowed the brand to share its culinary heritage and wellness-focused approach with a growing number of health-conscious consumers across the United States.

Inspiring the Latino Business Community

The acquisition of Siete Foods by PepsiCo has been hailed as a significant milestone for the Latino business community. Miguel Garza, the CEO and co-founder of Siete Foods, expressed his hope that this transaction will serve as an inspiration for other Latino-owned businesses, demonstrating the potential for success and the recognition of the value that diverse, culturally-rooted brands can bring to the market.

Aligning with PepsiCo's Commitment to Wellness

PepsiCo's decision to acquire Siete Foods aligns with the company's strategic focus on expanding its portfolio of healthier, more sustainable food and beverage options. Ramon Laguarta, the chairman and CEO of PepsiCo, expressed the company's excitement to "carry on the legacy created by the Garza family" and to leverage Siete Foods' authentic brand and culinary expertise to further enhance PepsiCo's offerings.

Unlocking Synergies and Opportunities

The acquisition of Siete Foods by PepsiCo presents a unique opportunity to blend the expertise and resources of both companies. Siete Foods' innovative product line and deep understanding of the Mexican American food landscape can complement PepsiCo's extensive distribution network and marketing capabilities, enabling the combined entity to reach a wider audience and introduce more consumers to the brand's flavorful and health-conscious offerings.

Embracing the Future of Wellness-Focused Cuisine

The Siete Foods acquisition underscores the growing consumer demand for authentic, nutritious, and culturally-inspired food options. As health and wellness continue to be at the forefront of consumer preferences, the fusion of Siete Foods' culinary heritage and PepsiCo's global reach has the potential to redefine the landscape of Mexican American cuisine and inspire a new generation of health-conscious food enthusiasts.