Short answers, pulled from the story.
Herman Lay founded the company, opening a snack food operation in Nashville, Tennessee, in 1932. In 1938 he purchased Atlanta-based Barrett Food Company and renamed it H.W. Lay Lingo and Company.
Frito-Lay merged with the Pepsi-Cola Company in 1965 to form PepsiCo, Inc. At the time of the merger, Frito-Lay had more than 8,000 employees, 46 manufacturing plants, and annual revenues exceeding $180 million.
In the United Kingdom and Ireland, Lay's is sold under the Walkers brand. Other regional names include Smith's in Australia, Chipsy in Egypt and the West Balkans, Tapuchips in Israel, Margarita in Colombia, and Sabritas in Mexico.
In April 2019, PepsiCo's Indian subsidiary sued four farmers in Gujarat for growing the trademarked potato variety FL 2027, which the company had registered for exclusive use in Lay's chips. Two years later, the ruling was decided in the farmers' favor under the Protection of Plant Varieties and Farmers' Rights Act, 2001.
A 1oz (28g) serving of regular Lay's classic potato chips contains 160 kcal, 10g of fat, and up to 380mg of sodium. The baked variety is significantly lower at 110-120 kcal per 1oz serving with only 1.5g of fat.
Lay's introduced the slogan shortly after the 1961 merger between the Frito Company and Lay's that created Frito-Lay Inc. The combined company had sales of over $127 million annually at the time of the merger.