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PepsiCo PEP1.05%increase; green up pointing triangle agreed to acquire tortilla-chip maker Siete Foods for $1.2 billion in its latest move to bolster its offering of healthier snacks. The Wall ...

The Mexican-American manufacturer is based in Texas and has a portfolio of products that includes tortilla chips, sauces, seasonings and other snacking options. Founded in 2014 by the Garza family ...

Siete Foods makes grain-free, high-quality tortilla chips, soft tortillas, and sauces. The purchase comes as PepsiCo focuses on offering snacks with lower sodium, saturated fat, and sugar.