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History psiCo, Inco¢ po¢ £ t¡ dis a Fortune 500, American globalcorporation headquartered in Purchase, Harrison, New York, withinterests in the manufacturing, marketing and distribution of grain-based snack foods, beverages, and other products. PepsiCo was formedin 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc.PepsiCo has since expanded from its namesake product Pepsi to abroader range of food and beverage brands, the largest of which includean acquisition of Tropicana in 1998 and a merger with Quaker Oats in2001 - which added the Gatorade brand to its portfolio as well.As of 2009, 19 of PepsiCo's product lines generated retail sales of more than $1 billion each, and the companys products were distributedacross more than 200 countries, resulting in annual net revenues of $43.3 billion. Based on net revenue, PepsiCo is the second largest food &beverage business in the world. Within North America, PepsiCo is ranked(by net revenue) as the largest food and beverage business.Indra Krishnamurthy Nooyi has been the chief executive of PepsiCo since 2006, and the company employed approximately 285,000people worldwide as of 2010.The companys beverage distribution andbottling is conducted by PepsiCo as well as by licensed bottlers in certainregions. PepsiCo is a SIC 2080 (beverage) company.
Origins
The recipe for Pepsi, the soft drink, was first developed in the1890s by a New Bern, North Carolina pharmacist and industrialist, CalebBradham, who named it "Pepsi-Cola" in 1898. As the cola developed inpopularity, he created the
Pepsi-Cola Company in 1902 and registered apatent for his recipe in 1903. The Pepsi-Cola Company was firstincorporated in the state of Delaware in 1919. Ownership of