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PepsiCo, Inc. is among the most successful consumer products companies in
the world, with 1999 revenues of over $20 billion and 116,000 employees. The
company consists of: Frito-Lay Company, the largest manufacturer and
distributor of snack chips; Pepsi-Cola Company, the second largest soft
drink business and Tropicana Products, the largest marketer and producer of
branded juice. PepsiCo brands are among the best known and most respected in
the world and are available in about 190 countries and territories.
Some of PepsiCo's brand names are 100 years old, but the corporation is
relatively young. PepsiCo, Inc. was founded in 1965 through the merger of
Pepsi-Cola and Frito-Lay. Tropicana was acquired in 1998.
PepsiCo's success is the result of superior products, high standards of
performance, distinctive competitive strategies and the high integrity of
our people.
Our overriding objective is to increase the value of our shareholders' investment through integrated operating, investing and financing activities. Our strategy is to concentrate our resources on growing our businesses, both through internal growth and carefully selected acquisitions. Our strategy is continually fine-tuned to address the opportunities and risks of the global marketplace. The corporation's success reflects our continuing commitment to growth and a focus on those businesses where we can drive our own growth and create opportunities.
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