Who owns lays

By the end of the year, production lines were operating in Houston and Dallas. In , The Frito Sales Company was established to separate sales from production activities.

Expansion continued with the issue of six franchises through the Frito National Company in the same year. In , Fritos were sold in all 48 states. The Frito Company issued its first public stock offering in By , Fritos would be sold in 48 countries. In a salesman Herman Lay sold potato chips in southern United States out of his car. In , Lay began a potato chip business in Nashville, Tennessee. Lay hired his first salesman in , and three years later had 25 employees and a larger manufacturing facility where he produced popcorn and peanut butter sandwich crackers.

Lay moved his headquarters to Atlanta and formed H. By , with more than 1, employees, plants in eight cities and branches or warehouses in thirteen others, H. In , the Frito Company granted the H. Herman W. ET, Feb. The first episode, which aired Feb.

He later attended Furman on an athletic scholarship, playing both baseball and basketball for the school, said Heidi Hansen McCrory, vice president of development for Furman.

Develop and improve products. List of Partners vendors. Your Money. Personal Finance. Your Practice. Popular Courses. News Company News. Key Takeaways PepsiCo began making strategic acquisitions beyond the beverage market in when it purchased Frito-Lay. Pepsi purchased Tropicana in in what was its largest acquisition to date.

The company went into a joint venture with Sabra Dipping Company in The financial terms of Pepsi's acquisition of Naked Juice were not disclosed. The acquisition of Frito-Lay marked Pepsi's first venture beyond the beverage market. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.

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