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  4. Gamesa
Gamesa logo
Food & Beverage

Who Owns Gamesa?

Gamesa is owned by PepsiCo (NASDAQ: PEP), a publicly traded American multinational food and beverage corporation headquartered in Purchase, New York. PepsiCo acquired Gamesa in 1990 through its Mexican subsidiary Sabritas for approximately $300 million. Gamesa is Mexico's largest cookie manufacturer, headquartered in San Nicolas de los Garza, Nuevo Leon.

Parent Company

PepsiCo, Inc.

Acquired

1990

Status

Publicly Traded

Headquarters

San Nicolas de los Garza, Nuevo Leon, Mexico

Gamesa Timeline

1921

Gamesa

Founded by Alberto Santos Gonzalez, Ignacio Santos Gonzalez, Manuel Santos Gonzalez

Founded
1990
Acquired by PepsiCo, Inc.

PepsiCo, Inc. acquired Gamesa

Acquired
budgetmass marketMexicoOfficial Website

Who Owns Gamesa?

  • Parent Company: PepsiCo, Inc.
  • Ownership Type: Wholly owned
  • Acquisition Year: 1990
  • Company Type: Publicly Traded
  • Stock Ticker: NASDAQ: PEP
BrandParent CompanyOwnership Type
GamesaPepsiCo, Inc.Wholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonGamesa on Amazon

History of Gamesa

  • Founded: 1921
  • Founders: Alberto Santos Gonzalez, Ignacio Santos Gonzalez, Manuel Santos Gonzalez
  • Acquired by PepsiCo, Inc.: 1990

Gamesa was founded in 1921 when three brothers, Alberto, Ignacio, and Manuel Santos Gonzalez, acquired the majority of stocks in a pasta and cookie company called Lara in Monterrey, Mexico. The company was initially named La Industrial S.A. In 1948, the company changed its name to Galletera Nacional S.A. before eventually becoming Galletera Mexicana S.A. de C.V. (Gamesa).

Throughout the mid-20th century, Gamesa grew to become Mexico's largest cookie manufacturer. The company developed popular brands that became household names in Mexican households, including Emperador, Marias, Saladitas, Chokis, Arcoiris, and Mamut. By the time of the PepsiCo acquisition in 1990, Gamesa held over 50 percent of the Mexican cookie market and had been a leading manufacturer for over 30 years.

The acquisition by PepsiCo in October 1990 marked a significant moment in Mexican consumer goods history. PepsiCo's subsidiary Sabritas, already Mexico's leading chip maker, purchased over 70 percent of Empresas Gamesa stock. The remaining shares were held by Nabisco Foods Group and public shareholders. PepsiCo committed to investing an additional $200 million over five years to build Mexico's largest snack company.

Under PepsiCo ownership, Gamesa modernized its manufacturing operations, expanded its distribution network, and introduced new products. In 1992, Gamesa entered the United States market with nine value-priced cookie products targeting Hispanic consumers. The U.S. expansion was managed by Market Entry of Dallas, Texas, with projected sales of $10 million by the end of 1992 and $20 million by 1993.

Gamesa has since become the leading cookie and cracker Hispanic brand in the U.S. grocery channel. The brand's product portfolio has expanded beyond traditional cookies to include ready-to-eat cereals, flour, and other related products. Gamesa products are marketed in the United States, Central America, South America, and the Caribbean through PepsiCo's international distribution network.

In recent years, Gamesa has had to adapt to Mexico's strict front-of-package nutritional warning labels (NOM-051), which mandate black stop-sign warnings for products high in calories, sugar, sodium, or saturated fats. This regulation required significant packaging redesigns across Gamesa's cookie portfolio.

About PepsiCo, Inc.

What does PepsiCo own?
PepsiCo owns a portfolio of more than 23 billion-dollar brands across beverages, snack foods, and cereals. Key brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Aquafina, SodaStream, Lay's, Doritos, Cheetos, Fritos, Tostitos, Ruffles, Quaker Oats, Cap'n Crunch, and Poppi. The company also owns international snack brands including Walkers (UK), Sabritas and Gamesa (Mexico), and Smith's (Australia).

Is PepsiCo publicly traded?
Yes, PepsiCo is publicly traded on NASDAQ under ticker PEP. The company has been listed since 1965 and is one of the largest companies in the S&P 500. Major institutional shareholders include Vanguard Group, BlackRock, and State Street. PepsiCo is a Dividend Aristocrat, having increased its annual dividend for 54 consecutive years.

Who founded PepsiCo?
PepsiCo was formed in 1965 through the merger of Pepsi-Cola Company, founded by Caleb Bradham in 1898, and Frito-Lay, Inc., formed by Herman Lay in 1932. Bradham was a pharmacist in New Bern, North Carolina, who created Pepsi-Cola. Lay was a potato chip distributor in Nashville, Tennessee, who built a national snack food company.

Where is PepsiCo headquartered?
PepsiCo is headquartered in Purchase, New York, USA. The company's corporate campus in Westchester County, north of New York City, houses its executive offices and many of its North American business units. PepsiCo operates manufacturing facilities and offices across more than 200 countries and territories worldwide.

How many brands does PepsiCo own?
PepsiCo owns more than 23 brands that each generate over $1 billion in annual retail sales. The total brand count is significantly higher when including regional and smaller brands. The portfolio spans beverages (Pepsi, Mountain Dew, Gatorade, Tropicana), snack foods (Lay's, Doritos, Cheetos, Fritos), and cereals (Quaker, Cap'n Crunch, Life).

Who owns PepsiCo?
PepsiCo is a publicly traded company with a dispersed shareholder base. No single shareholder holds a controlling stake. The largest institutional shareholders are Vanguard Group, BlackRock, and State Street. Ramon Laguarta serves as Chairman and CEO, having succeeded Indra Nooyi in 2018.

What is PepsiCo's financial performance?
For FY2025 (ended December 27, 2025), PepsiCo reported net revenue of $93.9 billion, up 2% from $91.9 billion in FY2024. Net income was $8.3 billion, and core EPS was $8.14. Free cash flow was $8.2 billion. The company announced its 54th consecutive annual dividend increase. For FY2026, PepsiCo projects organic revenue growth of 2% to 4% and core constant currency EPS growth of 4% to 6%.

  • Founded: 1965
  • Headquarters: Purchase, New York, USA
  • Company Type: Publicly Traded
  • Stock: NASDAQ: PEP
  • Revenue: $93.9 billion (FY2025)
  • Employees: approximately 318,000

Visit PepsiCo, Inc. website

View full company profile for PepsiCo, Inc.

Where Is Gamesa Made / Based?

  • Headquarters: San Nicolas de los Garza, Nuevo Leon, Mexico
  • Manufacturing / Operations: Mexico, Colombia

Gamesa Categories & Tags

CookiesCrackersMexican SnacksHispanic FoodPepsicoMexican Brand

Gamesa Sustainability & Ethics

Gamesa operates under PepsiCo's pep+ (PepsiCo Positive) sustainability framework. The program focuses on three pillars: Positive Agriculture, Positive Value Chain, and Positive Choices.

PepsiCo has committed to sustainably sourcing 100 percent of its key ingredients, including the wheat and sugar essential to Gamesa's cookie production. The company works with wheat farmers in Mexico to promote sustainable farming practices, water conservation, and soil health. Gamesa sources wheat from Mexican farmers who participate in these sustainability programs.

PepsiCo has set a goal to design 100 percent of its packaging to be recyclable, compostable, biodegradable, or reusable. Gamesa packaging has been optimized to reduce material usage while maintaining product freshness. The brand has implemented lightweight packaging initiatives to reduce the environmental impact of its product lines.

PepsiCo has committed to becoming net zero by 2040 and achieving 100 percent renewable electricity for its operations by 2030. Gamesa manufacturing plants in Mexico participate in these initiatives, implementing energy-efficient production processes and water conservation programs. However, PepsiCo relies on third-party manufacturing for some products, which limits direct control over environmental impacts.

Gamesa is not certified organic, fair trade, or B Corp. These certifications are not standard in the mass-market cookie category. The brand's nutritional information is disclosed on packaging, and products carry Mexico's front-of-package warning labels where required by NOM-051 regulations.

Awards & Recognition

Gamesa does not have a significant independent awards history. The brand's recognition comes primarily from its market position and consumer brand loyalty data.

Gamesa has been consistently ranked among Mexico's most chosen consumer brands by Kantar's Brand Footprint Mexico index. The brand's century-long history and over 50 percent market share in the Mexican cookie market make it one of the most recognized food brands in Mexico.

Gamesa is recognized as the leading cookie and cracker Hispanic brand in the U.S. grocery channel, according to PepsiCo's own marketing materials. The brand's expansion from nine products in 1992 to a comprehensive U.S. portfolio represents a successful case of international brand expansion targeting a specific demographic.

PepsiCo Mexico, which includes Gamesa operations, has received recognition as a top employer in Mexico, including certifications for diversity, inclusion, and workplace culture from organizations such as the Great Place to Work institute.

Gamesa Recalls & Controversies

2023 Arcoiris Marshmallow Cookies Recall: In late 2023, Comercializadora PepsiCo S. de R.L. de C.V. issued a voluntary recall for specific lots of Gamesa Arcoiris Marshmallow Cookies distributed in the United States. The recall was initiated due to potential undeclared milk allergens, posing a risk to consumers with milk allergies. The U.S. Food and Drug Administration announced the recall. Affected products were removed from retail channels. No confirmed illnesses were reported.

NOM-051 Nutritional Labeling (2020-Present): Gamesa, like all major food and beverage brands sold in Mexico, has had to comply with Mexico's strict front-of-package nutritional warning labels under NOM-051 regulations. The law mandates black stop-sign warnings on products high in calories, sugar, sodium, or saturated fats. This required significant packaging redesigns across Gamesa's cookie portfolio. While not a recall or controversy in the traditional sense, the regulation has forced Gamesa and other snack brands to reformulate products and redesign packaging, with some products displaying multiple warning labels.

Nutritional Content Concerns (Ongoing): As Mexico's largest cookie manufacturer, Gamesa faces ongoing scrutiny from health advocates regarding sugar content, artificial ingredients, and the nutritional profile of its products. Mexico has one of the highest rates of obesity and diabetes in the world, and food manufacturers including Gamesa have faced pressure from public health organizations to reduce sugar and improve nutritional profiles. Gamesa has developed product variations with reduced sugar content in response.

Brands Owned by PepsiCo, Inc.

7 UpFood Beverage

7 Up

Owned by PepsiCo, Inc.

American lemon-lime flavored carbonated soft drink brand known for its crisp, clean taste and caffeine-free formula.

soft-drinklemon-limecaffeine-free
AquafinaFood Beverage

Aquafina

Owned by PepsiCo, Inc.

American brand of purified bottled water produced by PepsiCo, featuring both still and flavored water products distributed in more than 30 countries.

bottled-waterpurified-waterbeverage
Cap'n CrunchFood Beverage

Cap'n Crunch

Owned by PepsiCo, Inc.

Sweetened corn and oat breakfast cereal created by Quaker Oats in 1963, owned by PepsiCo through its Quaker Foods division.

breakfast-cerealsweetened-cerealchildrens-food
DoritosFood Beverage

Doritos

Owned by PepsiCo, Inc.

American brand of flavored tortilla chips produced by Frito-Lay, a subsidiary of PepsiCo. Over $2 billion in annual retail sales.

tortilla-chipssnackscorn-chips
Frito-LayFood Beverage

Frito-Lay

Owned by PepsiCo, Inc.

American snack foods division of PepsiCo, producing Lay's, Doritos, Cheetos, Tostitos, Fritos, and other snack brands.

snackscorn-chipspotato-chips
FritosFood Beverage

Fritos

Owned by PepsiCo, Inc.

American corn chip brand created in 1932 by Charles Elmer Doolin, produced by Frito-Lay (PepsiCo Foods North America).

corn-chipssnacksamerican-classic
View all brands owned by PepsiCo, Inc.

Gamesa Ownership: Pros & Cons

Advantages

  • +Access to PepsiCo's extensive distribution network across Mexico, the U.S. Hispanic market, and Latin America
  • +Backed by PepsiCo's $91.85 billion in 2024 net revenue and global manufacturing expertise
  • +Century-old brand heritage as Mexico's largest cookie manufacturer with over 50 percent market share
  • +Leading position in the growing U.S. Hispanic grocery channel
  • +PepsiCo's pep+ sustainability framework provides environmental and sourcing initiatives

Considerations

  • -Dependency on PepsiCo's corporate decisions with no independent brand strategy
  • -Mexico's NOM-051 nutritional labeling regulations require packaging redesigns and product reformulations
  • -Health concerns about cookie consumption affect the entire category amid Mexico's obesity and diabetes rates
  • -Competition from Grupo Bimbo's Marinela brand and international cookie manufacturers
  • -Budget pricing tier limits premium positioning opportunities

Frequently Asked Questions About Gamesa

Sources & Further Reading

  • PepsiCo 2024 Annual Report (SEC 10-K Filing)
  • PepsiCo Q4 2024 Earnings Release
  • Wikipedia: Gamesa
  • UPI Archives: PepsiCo Acquires Gamesa (1990)
  • Expansion: Pepsi se come a Gamesa (1990)
  • PepsiCo Gamesa About Page
  • PepsiCo pep+ Sustainability
  • FDA: Gamesa Arcoiris Recall (2023)
  • Kantar Brand Footprint Mexico

Competitors to Gamesa

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
SabritasSabritasSister Brand
Pepsico
Mexico
1943
Mass marketGlobalAll Genders
TostitosTostitosSister Brand
Pepsico
USA (PepsiCo headquarters)
1977
Mass marketGlobalAll-ages

Learn More About Competitors

SabritasFood Beverage

Sabritas

Owned by PepsiCo, Inc.

Mexican snack company owned by PepsiCo, known for potato chips and corn snacks, serving as the umbrella brand for Frito-Lay products in Mexico.

mexican-snackspotato-chipscorn-chips
TostitosFood Beverage

Tostitos

Owned by PepsiCo, Inc.

American brand of tortilla chips and dips produced by Frito-Lay, a subsidiary of PepsiCo, featuring Mexican-inspired restaurant-style chips and complementary salsas.

tortilla-chipssalsamexican-snacks

Competitive Analysis

Market Positioning: Gamesa competes with 2 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Gamesa

Looking for brands with different ownership structures? These similar brands are not owned by PepsiCo, Inc., giving you alternative choices that support different corporate structures.

Cheez-ItFood Beverage

Cheez-It

Owned by Mars, Incorporated

American brand of cheese cracker snacks owned by Mars, Incorporated through its Kellanova subsidiary. Created in 1921 in Dayton, Ohio.

snackscrackerscheese
Privately Owned

Cheez-It is privately owned, unlike Gamesa which is under a publicly traded parent company.

Jammie DodgersFood Beverage

Jammie Dodgers

Owned by Burton's Biscuit Company

British jam-filled biscuit brand created in 1960, owned by Burton's Biscuit Company, part of the Ferrero Group since 2020.

biscuitsjam-filledcookies
Privately Owned

Jammie Dodgers is privately owned, unlike Gamesa which is under a publicly traded parent company.

Baby RuthFood Beverage

Baby Ruth

Owned by Ferrero

American chocolate candy bar with peanuts, caramel, and chocolate, founded in 1921 by Curtiss Candy Company and owned by Ferrero Group since January 2018.

chocolateconfectionerycandy
Privately Owned

Baby Ruth is privately owned, unlike Gamesa which is under a publicly traded parent company.

ButterfingerFood Beverage

Butterfinger

Owned by Ferrero

American candy bar brand known for its peanut butter and chocolate flavor, owned by Ferrero Group.

candy-barchocolatepeanut-butter
Privately Owned

Butterfinger is privately owned, unlike Gamesa which is under a publicly traded parent company.

CrunchFood Beverage

Crunch

Owned by Ferrero

Milk chocolate and crisped rice bar introduced by Nestle in 1938, now produced in the United States by Ferrara Candy Company (Ferrero) and globally by Nestle.

chocolateconfectionerycandy
Privately Owned

Crunch is privately owned, unlike Gamesa which is under a publicly traded parent company.

Kellogg's Corn FlakesFood Beverage

Kellogg's Corn Flakes

Owned by Ferrero

Iconic ready-to-eat breakfast cereal invented in 1894, now owned by Ferrero through WK Kellogg Co.

breakfast-cerealready-to-eat-cerealcorn
Privately Owned

Kellogg's Corn Flakes is privately owned, unlike Gamesa which is under a publicly traded parent company.

PepsiCo, Inc. Stock Information

Jobs at PepsiCo, Inc.

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Last reviewed: July 1, 2026 · Reviewed by Who Brands Editorial Team