Frito-Lay® and Jack Link’s® Team Up to Launch New Line of Meat Snacks

June 11, 2009



PLANO, Texas and MINONG, Wisconsin – PepsiCo’s Frito-Lay North America division and Jack Link’s today announced they have entered into an agreement in which Frito-Lay will sell and distribute a new line of meat snacks under the MATADOR by Jack Link’s brand, aimed at young adults with action-driven lifestyles.

“The Jack Link’s brand continues to drive growth in meat snacks, and the new line of MATADOR products and partnership with Frito-Lay will take that growth even further,” said Troy Link, President of Jack Link’s Beef Jerky.  “Combining the taste and quality of MATADOR meat snacks with the distribution, sales and merchandising capabilities of Frito-Lay gives our consumers more choices than ever before, while also delivering growth to our retailers and both companies.”

“Jack Link’s remains 100 percent committed to delivering quality products, innovation, brand support and outstanding customer service to our valuable distribution partners who have helped to make Jack Link’s the No. 1 brand in meat snacks,” Link added.

“We are excited about this agreement and look forward to a strong partnership with Jack Link’s,” said Frito-Lay North America President and CEO Al Carey. “MATADOR by Jack Link’s brings great-tasting, high-quality innovation to meat snacks, and we’re confident that through Frito-Lay’s distribution, sales and merchandising expertise, we can continue to expand this important category.”

The MATADOR by Jack Link’s lineup will feature highly differentiated meat stick and jerky products and offer bold new meat snack options for young adults with action-driven lifestyles.  The launch will be supported by an integrated action sports platform and dedicated advertising campaign, including sponsorship of the Dew Tour and top athletes in BMX, skateboarding and snowboarding.

Under terms of the agreement, Frito-Lay will distribute and sell MATADOR by Jack Link’s meat snacks beginning Aug. 17, 2009.  Existing MATADOR retail customers will receive full sales and distribution coverage through Jack Link’s direct sales and distribution partners until that time.  All other Jack Link’s products will continue to be sold and distributed under the current system via existing distributors, wholesalers and direct retail customers.

Other terms of the agreement were not disclosed.

Frito-Lay North America is the $12 billion convenient foods business unit of PepsiCo. Learn more about Frito-Lay at the corporate Web site, http://www.fritolay.com/ and the Snack Chat blog, http://www.snacks.com/.

PepsiCo (NYSE: PEP) is one of the world's largest food and beverage companies, with 2008 annual revenues of more than $43 billion. The Company employs approximately 198,000 people worldwide, and its products are sold in approximately 200 countries. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1 billion or more each in annual retail sales. PepsiCo's commitment to sustainable growth, defined as Performance with Purpose, is focused on generating healthy financial returns while giving back to communities the Company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the Company's impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. PepsiCo is listed on the Dow Jones Sustainability North America Index and the Dow Jones Sustainability World Index. For more information, please visit http://www.pepsico.com/.

Headquartered in Minong, Wis., Jack Link’s is the No. 1 U.S. meat snack brand and fastest growing meat snack manufacturer worldwide. The Jack Link’s brand represents a heritage of quality and consumer trust. Check out http://www.jacklinks.com/ for more information on the Jack Link’s brand.