Company Overview Visit pepsico.com website
American multinational corporation PepsiCo is the world's largest retailer of soft drinks, and the second largest general food stuffs company in the United States. It owns numerous brands, including Mountain Dew, Gatorade, Tropicana, Quaker Oatmeal, Frito-Lay snacks (such as Doritos), and Lay's chips. The first half of PepsiCo's name is derived from pepsin and kola nuts used to make soda.
Pepsi was originally created in 1893 by pharmacist Caleb Bradham in New Bern, North Carolina. Bradburg mixed carbonated water with sugar syrup; he named this drink Pepsi-Cola after its two main ingredients (the other ingredient being pepsin). In 1898, Bradbury moved the bottling of Pepsi-Cola from his drugstore to a rented warehouse and subsequently formed the North Carolina company Pepsi-Cola Bottling Company, which was incorporated in 1923 under a new company name, Pepsi Cola.
Pepsi's success under Bradbury led its competitor, the Coca-Cola Corporation, to offer $23 million to purchase the company. However, Bradbury instead opted to stock split the company (by issuing 50 additional shares for every one share held), and continued as sole owner; it remained an independent entity until 1980 when it merged with Frito-Lay to become PepsiCo.