PepsiCo is betting $1 billion on tortilla chips as a ‘healthier’ snack



The company is acquiring grain-free Mexican-American food brand Siete Foods, as consumers are becoming increasingly more health-conscious at the grocery store.

On Tuesday, PepsiCo agreed to acquire grain-free Mexican-American brand Siete Foods for $1.2 billion, adding to its roster of healthier food and snack offerings, according to the Wall Street Journal.



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