M&A Deal Summary

PepsiCo Acquires Frito-Lay

On January 1, 1965, PepsiCo acquired food company Frito-Lay

Acquisition Highlights
  • This is PepsiCo’s 1st transaction in the Food sector.
  • This is PepsiCo’s 1st transaction in the United States.
  • This is PepsiCo’s 1st transaction in Texas.

M&A Deal Summary
Date 1965-01-01
Target Frito-Lay
Sector Food
Buyer(s) PepsiCo
Deal Type Merger

Target

Frito-Lay

Plano, Texas, United States
Entrance to Frito-Lay's corporate headquarters in Plano, Texas.
Entrance to Frito-Lay's corporate headquarters in Plano, Texas.
Frito-Lay is a multinational producer of snacks. Products include corn chips, potato chips and pretzels sold under the Frito-Lay, Fritos, Cheetos, Doritos, Tostitos, Lay's, Ruffles, Rold Gold, and Walkers brands. Frito-Lay is based in Plano, Texas.

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Buyer(S) 1

Buyer

PepsiCo

Purchase, New York, United States
Category Company
Founded 1898
Sector Beverages
Employees318,000
Revenue 91.5B USD (2023)
DESCRIPTION
PepsiCo office in Columbia, Maryland.
PepsiCo office in Columbia, Maryland.

PepsiCo is a global food and beverage company. PepsiCo's brands include Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. Through its operations, authorized bottlers, contract manufacturers and other third parties, PepsiCo makes, markets, distributes and sells a wide variety of beverages, foods and snacks. PepsiCo was founded in 1898 and is based in Purchase, New York.

DEAL STATS #
Overall 1 of 27
Sector (Food) 1 of 16
Type (Merger) 1 of 2
State (Texas) 1 of 2
Country (United States) 1 of 18
Year (1965) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1992-01-01 California Pizza Kitchen

Costa Mesa, California, United States

California Pizza Kitchen is a casual dining chain featuring an imaginative line of hearth-baked pizzas, including the original BBQ Chicken Pizza, and a broad selection of distinctive pasta, salads, appetizers, soups, sandwiches, and desserts. California Pizza Kitchen was founded in 1985 and is based in Costa Mesa, California.

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