PepsiCo is an American multinational formed in 1965 with the merger of Pepsi-Cola Company and Frito-Lay, Inc.
It is headquartered in Purchase, New York, USA. It manufactures markets and distributes grain-based snack foods, beverages, and other products.
Pepsi was first developed by Caleb Bradman in the 1880s, and was named as “Pepsi Cola” in 1898. The company was later purchased by Charles Guth who reformulated the syrup. In 1941, Pepsi became a part of Loft and was rebranded as Pepsi-Cola Company. Later in 1965, Pepsi-Cola Company merged with Frito-Lay to form Pepsi-Co Inc.
PepsiCo has since expanded from its flagship product Pepsi to a wider range of food and beverage brands which include Lay’s, Quaker and Tropicana. It also added Gatorade to its brand portfolio in addition to the above ones. PepsiCo's product mix consists of 63 percent foods, and 37 percent beverages. PepsiCo previously owned various brands like Pizza Hut, Taco Bell, KFC and others but it later sold them off to concentrate on its primary beverage and snack food lines.
PepsiCo has two business units in America: PepsiCo Americas Foods, PepsiCo Americas Beverages. The Frito-Lay North America segment makes, markets, sells and distributes branded snack foods. These foods include Doritos tortilla chips, Cheetos cheese flavored snacks, Lay’s potato chips etc. The Quaker Foods North America segment makes, markets, sells and distributes cereals, rice, pasta, dairy and other branded products that include Quaker oatmeal, Aunt Jemima mixes and syrups, Quaker Chewy granola etc. PepsiCo, Inc. markets, sells and distributes these products through its operations, authorized bottlers, contract manufacturers and other partners.