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Frito-Lay began in the early 1930s as two separate companies, The Frito Company and H.W. Lay & Company, both of which merged in 1961 to form Frito-Lay, Inc. Four years later in 1965, Frito-Lay, Inc. merged with the Pepsi-Cola Company, resulting in the formation of PepsiCo. Since that time, Frito-Lay has operated as a wholly owned subsidiary of PepsiCo.
i live in england and here walkers crisps are called walkers but when i went to america i noticed they were called lays and i came back from tenerife a few weeks ago and they were called lays there aswell..am i right in thinkin that these are actually walkers crips (cause they do have the same...est Answer: Frito-Lay is a US based potato and corn chip company created in 1938 by Pepsi co. In 1991, Pepsi bought Henry Walker's crisps and Walkers became Lay's British sister company.