Gatorade is owned by PepsiCo (the United States, NASDAQ: PEP), which acquired the brand on 2 August 2001 from Quaker Oats Company.[1][2] Before PepsiCo, Gatorade was owned by Quaker Oats Company from 1983 to 2001.[2]
Gatorade was developed in 1965 by researchers at the University of Florida, who were asked why the Gators football team wilted in the heat and formulated a drink replacing the salt and carbohydrate players lost through sweat. PepsiCo acquired it with The Quaker Oats Company in 2001, principally for this brand.
PepsiCo acquired The Quaker Oats Company in an all-stock merger, primarily to obtain Gatorade, which gave it the leading position in sports drinks. The Federal Trade Commission cleared the deal after a split vote, with a consent order restricting distribution arrangements.