Frito-Lay

Frito-Lay, Inc.
Company typeSubsidiary
IndustryFood
PredecessorsThe Frito Company
H.W. Lay & Company
FoundedSeptember 1961 (1961-09)[1]
FateMerged with Pepsi-Cola Company to form PepsiCo, remaining as a subsidiary
SuccessorPepsiCo
Headquarters,
U.S.
Area served
Worldwide
Key people
Steven Williams (CEO)
ProductsSnack foods
Brands
RevenueUS$15.798 billion (2017)[2]
ParentPepsiCo
Websitefritolay.com Edit this at Wikidata

Frito-Lay, Inc. (/ˈfrt l/) is an American subsidiary of PepsiCo that manufactures, markets, and sells corn chips, potato chips, and other snack foods. The primary snack food brands produced under the Frito-Lay name include Fritos corn chips, Cheetos cheese-flavored snacks, Doritos and Tostitos tortilla chips, Lay's and Ruffles potato chips, Rold Gold pretzels, and Walkers potato crisps (in the UK and Ireland). Each brand generated annual worldwide sales over $1 billion in 2009.[3]

Frito-Lay began in the early 1930s as two companies, "The Frito Company" and "H.W. Lay & Company", which merged in 1961 to form "Frito-Lay, Inc". In 1965, Frito-Lay, Inc. merged with the Pepsi-Cola Company, resulting in the formation of PepsiCo. Since then, Frito-Lay operates as a wholly owned subsidiary of PepsiCo. Through Frito-Lay, PepsiCo is the largest globally distributed snack food company, with sales of its products in 2009 comprising 40 percent of all "savory snacks" sold in the United States, and 30 percent of the non-U.S. market. In 2018, Frito-Lay North America accounted for 25 percent of PepsiCo's annual sales.

  1. ^ "Company story". fritolay.com. Frito-Lay, Inc.
  2. ^ "2017 annual results" (PDF). pepsico.com. PepsiCo, Inc.
  3. ^ "PepsiCo, Inc. 2009 Annual Report: Financial Highlights – Largest Brands". pepsico.com. PepsiCo, Inc. Archived from the original on December 21, 2010. Retrieved December 19, 2010.

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