Frito-Lay

Frito-Lay, Inc.

Logo used since February 1997
Company type	Division
Industry	Food
Predecessors	The Frito Company H.W. Lay & Company
Founded	September 1961; 62 years ago (1961-09)[1]
Fate	Merged with Pepsi-Cola Company to form PepsiCo, remaining as a subsidiary
Successor	PepsiCo
Headquarters	Plano, Texas , U.S.
Area served	Worldwide
Key people	Steven Williams (CEO)
Products	Snack foods
Brands	Lay's Fritos Doritos Ruffles Cheetos Sun Chips Tostitos Rold Gold Funyuns Walkers Kurkure Uncle Chipps Grandma's
Revenue	US$15.798 billion (2017)[2]
Parent	PepsiCo
Website	fritolay.com

Frito-Lay, Inc. (/ˈfriːtoʊ leɪ/) 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.