PepsiCo, Inc. (PepsiCo) is a global food and beverage company formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc. PepsiCo is organized into four business units: PepsiCo Americas Foods (PAF), which includes Frito-Lay North America (FLNA), Quaker Foods North America (QFNA) and all of its Latin American food and snack businesses (LAF); PepsiCo Americas Beverages (PAB), which includes all of its North American and Latin American beverage businesses; PepsiCo Europe, which includes all beverage, food and snack businesses in Europe, and PepsiCo Asia, Middle East and Africa (AMEA), which includes all beverage, food and snack businesses in AMEA. Its four business units are comprised of six segments: FLNA, QFNA, LAF, PAB, Europe, and AMEA. It manufactures, markets and sells a range of salty, convenient, sweet and grain-based snacks, carbonated and non-carbonated beverages, dairy products and other foods. In November 2012, the Company opened a food and beverage innovation center in Shanghai,
