Herman Lay Research Paper

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Herman Lay was an American businessman and entrepreneur. He was involved in the food industry in making potato chips. He started his own company named H.W. Lay Co., which led him to be the founder of the popular potato chip company we know today of Frito Lay, a subsidiary of PepsiCo. Lay was born in Charlotte, North Carolina on June 3, 1909. He was the son of a farmer named Jesse N. Lay and his wife Bertha Erman Parr Lay. His dad was a successful farmer by selling farm machinery. Herman worked as a farmer as his first job, he then developed an interest in business. In 1920, the family moved to Greenville, South Carolina. At age eleven, Herman began selling Pepsi-Colas for a nickel to baseball players, he eventually went on to sell peanuts and deliver newspapers. His entrepreneurship skills were growing as his Pepsi-Cola business grew. It was a success; he opened his own bank account to by a bicycle, and even hired other boys to work for him. In 1926, he was developing into an athlete…show more content…
He also bought tow other snack food companies, making his product line and area bigger. By 1956, H.W. Lay & Co. became publicly owned and was one of the largest producers of chips and snack in the United States. The company had over 1,000 employees, manufacturing plants in eight cities, and branches or warehouses in 13 cities. In 1961, the company merged with Frito Company in Dallas, Texas, forming Frito Lay, Inc. Lay became a chief executive officer and soon rose through the ranks to become the CEO. The Lay family moved to Dallas, Texas and settled into a large mansion. Lay wanted more; he searched for further expansions for his company. Who chose to partner up with Pepsi-Cola in, with 5,000 employees working in 100 countries. The merge was completed in 1965, the company was renamed to PepsiCo, Inc. and Lay became the chairman of the

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