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February 13, 2016 4:46 AM ET

Food Products

Company Overview of Frito-Lay, Inc.

Company Overview

Frito-Lay, Inc. manufactures and markets snacks. The company offers potato and corn chips. The company offers gluten-free party and fun snacks. It serves customers in the United States and internationally. Frito-Lay, Inc. was formerly known as The Frito Company and changed its name to Frito-Lay, Inc. in September, 1961. The company was founded in 1932 and is headquartered in Plano, Texas. Frito-Lay, Inc. operates as a subsidiary of Pepsico, Inc.

7701 Legacy Drive

Plano, TX 75024-4099

United States

Founded in 1932





Key Executives for Frito-Lay, Inc.

Age: 57
Senior Vice President and Chief Information Officer
Senior Vice President of Portfolio Marketing & Analytics
Senior Vice President of Growth Ventures
Senior Vice President of Supply Chain
Compensation as of Fiscal Year 2015.

Frito-Lay, Inc. Key Developments

Frito-Lay Introduces New Limited-Edition Cheetos Bag of Bones

Frito-Lay, Inc. has announced the introduction of new limited-edition Cheetos Bag of Bones. This new Halloween treat joins last year's multipacks featuring treat-size Cheetos Crunchy snack bags with glow-in-the-dark packaging. Available in 30-count 0.65 oz. bags for a suggested retail price of $5.00, the multipacks offer a delicious savory alternative to Halloween sweets.

Court Approves $1.6 Million Settlement to Rolling Frito-Lay Sales L.P., Frito-Lay Inc. and Frito-Lay Sales Inc

The U.S. District Court for the Central District of California approved a settlement reached in Frito-Lay drivers' lawsuit challenging compensation practices and policies, finding in part that the settlement amount was reasonable given the complexity of the case and the risks of establishing liability and damages. Sidney Elliott sued Rolling Frito-Lay Sales L.P., Frito-Lay Inc. and Frito-Lay Sales Inc. (collectively, Frito-Lay) on behalf of himself and current or former drivers. The complaint alleged that Frito-Lay's scheduling of routes did not allow drivers to take duty-free meal and rest breaks. The complaint further alleged Frito-Lay improperly calculated overtime. The parties negotiated a settlement that obligated Frito-Lay to pay $1.6 million in exchange for a release of claims. Settlement funds would be distributed according to the strength of claims and the number of weeks worked. Elliott moved for final approval and attorneys' fees and costs.

Frito-Lay Introduces New Cracker Jack'D Energy Trail Mixes

Frito-Lay has announced the introduction of new Cracker Jack'D Energy Trail Mixes. Available in two flavors Chocolate Flavored Cherry and Mixed Berry the sweet and savory snack option hits store shelves this month. New Cracker Jack'D Energy Trail Mixes include a unique packaging structure that holds fruit pieces in a separate pouch within the larger package, keeping them tasting fresh while ensuring the granola and nuts stay crunchy and ready to be mixed. The seasoned granola mixed snack is ideal for young adults on the go whether running between classes, enduring the daily commute or jamming on that Saturday morning mountain bike ride. New Cracker Jack'D Energy Trail Mixes join the brand's existing line-up of exciting snacks that feature a variety of flavors including Cheddar BBQ, Spicy Pizzeria, PB & Chocolate and Berry Yogurt. All flavors are packed with tasty granola clusters mixed with nuts to give consumers a hearty, filling snack. The Cracker Jack'D brand was created to meet the demands of the on-the-go adult consumer, featuring "snacks with impact" mixes ranging from tasty clusters mixed with nuts, to sweet and salty popcorn and almond piece clusters all designed to deliver satisfaction to fans throughout the day. Available in convenience stores and grocery stores nationwide, Cracker Jack'D Energy Trail Mixes can be found in 4.5-5 oz bags for a suggested retail price of $3.79. Additionally, the brand added a new flavor to its Hearty Mix line earlier this year: Chocolate Caramel Artificially Flavored Hearty Mix, available in 3-oz bags for a suggested retail price of $2.49.

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