American corporation that makes drinks and foods. The company of the name was formed in 1965, in the merger of Pepsi-Cola Company and Frito-Lay, Inc. The company's headquarters are in Purchase, N.Y. The first Pepsi-Cola was created by Caleb D. Bradham (1866-1934), a in New Bern, N.C. Hoping to duplicate the recent success of Coca-Cola, Bradham his sweet, cola-flavoured, carbonated Pepsi-Cola in 1898. The drink proved , so in 1902 Bradham incorporated the Pepsi-Cola Company. After many years of prosperity, the company on hard times after World War I and was and reincorporated several in the 1920s.In 1931 the company's and assets were picked up by Charles G. Guth (1876-1948), the real of modern Pepsi-Cola. He a new Pepsi-Cola Company, had a chemist formulate a better drink, set up new operations, and began a hugely successful 12-ounce bottle for five .