PepsiCo, Inc. is an American multinational food, snack, and
beverage corporation headquartered in Purchase, New York. PepsiCo has interests
in the manufacturing, marketing, and distribution of grain-based snack foods,
beverages, and other products. PepsiCo was formed in 1965 with the merger of
the Pepsi-Cola Company and Frito-Lay, Inc. PepsiCo has since expanded from its
namesake product Pepsi to a broader range of food and beverage brands, the
largest of which have included an acquisition of Tropicana Products in 1998 and
the Quaker Oats Company in 2001, which added the Gatorade brand to its
portfolio.
As of January 26, 2012, 22 of
PepsiCo's brands generated retail sales of more than $1 billion apiece, and the
company's products were distributed across more than 200 countries, resulting
in annual net revenues of $43.3 billion. Based on net revenue, PepsiCo is the
second largest food and beverage business in the world. Within North America,
PepsiCo is the largest food and beverage business by net revenue.
