The PepsiCo company's mission statement says that the company's mission is to be the world's premier consumer-products company, focusing on convenient foods and beverage. It strives for honesty, fairness and integrity. The company seeks to produce financial rewards for investors and provide opportunities for growth and enrichment to its employees, its business partners and the communities in which it operates.
The company's vision statement says that it has a responsibility to continually improve the world in the environmental, social and economic realms to create a better tomorrow.
Caleb Bradham, a pharmacist in New Bern, N.C., invented the beverage that later became known as Pepsi Cola in 1893. He named the drink Pepsi Cola after the kola-nut extract in the recipe and the pepsin enzyme that aids digestion. Though the recipe for the drink didn't contain any pepsin, Bradham included it in the name because he believed his drink had positive digestive properties. The Pepsi Cola company was incorporated in 1902. The Frito-Lay company was formed in 1961 by the merger of the Frito Company and the H. W. Lay Company. The Pepsi Cola company merged with the Frito-Lay company in 1965 to form PepsiCo, Inc. PepsiCo's headquarters are in Purchase, N.Y.