PEP - Pepsico
Pepsico Inc. (NYSE: PEP) was founded in about 1898 by Caleb Bradham, the same year the formula for Pepsi-Cola was developed. In 1965 Pepsi-Cola Frito-Lay merged to become what we know today as Pepsico.
The new company is a global corporation which manufactures and markets a variety of carbonated and non-carbonated beverages, snacks and food around the world.
Major brands outside the Pepsi-Cola name are Mountain Dew, 7-Up, Frito-Lay, Quaker Oats, Gatorade and Tropicana, among others.
Pepsico has probably gotten rid of more companies than it has acquired, as it looks to streamline and focus on core businesses. A couple of major businesses they spun off were Taco Bell, KFC and Pizza Hut, now known as Yum! Brand. They acquired Tropicana in 1998 and Quaker Oats in 2001.
Saying they need to become more agile in the existing market, Pepsico is negotiating to buy back two of its bottling businesses: Pepsi Bottling Group Inc. (NYSE: PBG) and PepsiAmericas Inc. (NYSE: PAS).
Regardless of the stated reasons, Pepsico has struggled to keep up with Coca Cola in emerging markets, and is what is behind the move to bring the bottlers back under their corporate umbrella.
Pepsico has its headquarters in Purchase, New York.
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