Merger • Food

PepsiCo Acquires Frito-Lay

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

Acquisition Context

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.

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M&A Deal Summary
Date	January 1, 1965
Target	Frito-Lay
Sector	Food
Buyer(s)	PepsiCo
Deal Type	Merger

Target Company

Frito-Lay

Plano, Texas, United States

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 Overview 1

Buyer

PepsiCo

Purchase, New York, United States

Category	Company
Founded	1898
Sector	Beverages
Employees	319,000
Revenue	91.9B USD (2024)

DESCRIPTION

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 Context for Buyer	#
Overall	1 of 28
Sector: Food	1 of 16
Type: Merger	1 of 2
State: Texas	1 of 3
Country: United States	1 of 19
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.	Buy	-

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.

Buy

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