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PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that it has entered into a definitive agreement to acquire Garza Food Ventures LLC, dba Siete Foods ("Siete") for $1.2 billion.

How Siete Foods went from selling tortillas at a gym to being acquired by PepsiCo for $1.2B Veronica Garza wanted to create a grain-free tortilla she could eat.