PepsiCo - additional information
PepsiCo, Inc. is an U.S. food, snack and beverage company based in Purchase, New York. The corporation specializes in the manufacturing, marketing and distribution of snacks, beverages and other food products. PepsiCo was launched following the merger of Pepsi-Cola and Frito-Lay. Pepsi-Cola was founded by Caleb Bradham during the late 1890s, while Frito-Lay, Inc. resulted from the 1961 merger of the Frito Company and the H.W. Lay Company. PepsiCo acquired Tropicana Products from Seagram Company Ltd. in 1998, the largest acquisition the firm has ever undertaken, and merged with The Quaker Oats Company in 2001.
PepsiCo’s wide portfolio includes 22 brands, each generating over one billion U.S. dollars in annual retail sales. For instance, Pepsi is one of the most popular global consumer brands and the North America Beverages segment accounted for one-third of PepsiCo’s net revenue worldwide in 2020. Furthermore, PepsiCo held the largest share of the global sports/energy drink market that year. Gatorade, the leading U.S. sports drink, is also owned by PepsiCo. Frito-Lay’s flagship brands, Lay’s potato chips and Fritos corn chips remain favorites among U.S. consumers. In 2021, Frito-Lay was the leading vendor of potato chips in the United States, based on sales of more than four billion U.S. dollars.
PepsiCo’s global workforce has grown from 19,000 people in 1965 to 309,000 people fifty-five years later. The company had approximately 110,000 employees in the United States in 2015.