PepsiCo To Halt Frito-Lay Production In Rancho Cucamonga After 50 Years: Report

PepsiCo, Inc. (NASDAQ:PEP) reportedly confirmed plans to discontinue manufacturing operations at its Frito-Lay facility in Rancho Cucamonga in Southern California on Wednesday, bringing an end to more than 50 years of production at the site.

The decision was shared in a company statement emailed to USA TODAY on June 11, and while the factory's production lines will be halted, the site's warehousing, distribution, transportation, and fleet services will remain operational, USA TODAY reports.

Frito-Lay North America's operating profit in the last reported quarter (Q4) dropped 11% due to higher restructuring costs, lower organic volume, and ...