Weil is advising Siete Foods and Stripes in the sale of Siete to PepsiCo for $1.2 billion. The transaction is expected to close in the first half of 2025.

Founded in 2014, Siete produces authentic heritage-inspired tortillas, salsas, seasonings, sauces, cookies, snacks and more. Siete’s products can be found in grocery stores, club stores, and organic food retailers primarily across the U.S. The acquisition will complement PepsiCo’s portfolio with the addition of an authentic, Mexican-American brand, while also growing its grain-free, better-for-you food offerings.

The Weil team is led by Private Equity partner Gareth Clark and includes Private Equity counsel Barrett Schitka; Antitrust counsel Carla Hine; Technology & IP Transactions partner Karen Ballack; Tax partner Jason Vollbracht; and Executive Compensation & Benefits partner Aimee Adler.