Food and beverage giant PepsiCo Inc. is purchasing the $60 million Stacy's Pita Chip Co. Stacy Madison, co-founder of Stacy's, said the maker of pita chips will keep its headquarters in Randolph, Mass., and operate as a separate unit that will report to Frito-Lay North America, a division of Pepsi. No layoffs are expected, and terms of the deal were not disclosed.
"We've been in the business for nine years and are growing very fast," Madison said. "We've brought it this far and would like to see it go further."