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 and associates Luisa Perez, Adam Voorberg and Langdon Neal; Antitrust counsel Carla Hine and associates Caroline Elvig and Nya Gavin; Tax partner Jason Vollbracht and associate Josh Schonfeld; Executive Compensation & Benefits partner Aimee Adler and associate Emily Warren; Technology & IP Transactions partner Karen Ballack, counsel Catherine Kim and associates Shannon Coffey, Amy Montoya and Ashley Tanaka; U.S. Privacy & Cybersecurity Head Olivia Greer and associates David Merck and Taylor Peterson; Banking & Finance partner Vynessa Nemunaitis; Real Estate counsel Simon Heimowitz, senior attorney Leslie Smith and associate Gillian Burke; Regulatory Transactions partners Timothy Welch and John O’Loughlin and associate Christina Carone; Environmental partner Matthew Morton and associate Caleb Holland; and Employment partner Rebecca Sivitz and associate Liran Messinger.