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Fresh Take: Why Siete’s $1.2 Billion Sale To Pepsi Will Give The Next Generation ‘Permission To Dream’

4 8
11.10.2024

Veronica Garza and Miguel Garza of Siete Family Foods.

The Forbes Food Desk has been tracking the rise of Siete Family Foods for nearly a decade. CEO Miguel Garza landed on our 30 Under 30 food list back in 2016, when his family’s company did little more than $1 million in annual revenue. Then, in 2019 I had the exclusive on Siete landing a $90 million investment from private equity firm Stripes to fuel its next stage of growth.

And wow, did the Texas-based company grow: Siete is getting acquired by PepsiCo. for $1.2 billion.

The deal means the Garza family, as majority owners, are now among the........

© Forbes


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