PURCHASE (dpa-AFX) - PepsiCo, Inc. (PEP) Friday announced that it has closed the acquisition of Siete Foods, a growing brand known for its better-for-you, Mexican American inspired food products, for $1.2 billion.
The acquisition indicates PepsiCo's intent to expand its portfolio of products with convenient, nutritious, and enjoyable simple products.
PEP is currently trading at $147.96 up 0.97 percent or $1.42 on the Nasdaq.
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