Quaker Oats

Company History: The Quaker Oats Company, or known as Quaker, is an American food conglomerate based in Chicago. It has been owned by PepsiCo since 2001. Quaker Oats was founded in 1901 by the merger of four oat mills: Quaker Mill Company, teh Cedar Rapids Cereal Mill, the German Mills American Oatmeal COmpany and the Rob Lewis American Oats and Barley Oatmeal Corporation.

The company expanded into numerous areas, including other breakfast cereals and other food and drink products, and even into unrelated fields such as toys. In August 2001, Quaker was bought out by Pepsico because Pepsi wanted to add Gatorade to its arsenal of beverages and thus break into the isotonic sports beverage market. The merger created the fourth-largest consumer goods company in the world. Though the main prize for PepsiCo was Gatorade noncarbonated sports drink, Quaker's cereal and snack food division serves as a seemingly healthier complement to the existing Frito-Lay division of salty snacks.

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