(By Balaseshan) PepsiCo Inc. (NYSE:PEP) said it has renewed its longstanding partnership with The PGA of America through a new multi-year contract as well as renewed its support of Golf Retirement Plus.
PepsiCo beverages will continue to be exclusively served in hospitality and concession areas at each PGA Championship, U.S.-based Ryder Cup, Senior PGA Championship presented by KitchenAid and PGA Grand Slam of Golf.
PepsiCo beverages will also be poured at PGA of America-owned and operated facilities, including Valhalla Golf Club in Louisville, Kentucky, and PGA Village in Port St. Lucie, Florida, which encompasses PGA Golf Club, PGA Center for Golf Learning and Performance and PGA Country Club.
Founded in 1997, Golf Retirement Plus is a supplemental retirement program for PGA Professionals and apprentices, GCSAA Superintendents, and CMAA Club Managers.
The Golf Retirement Plus program allows the professionals to make their own contributions or have their employers contribute to their Golf Retirement Plus account on their behalf.
PGA Professionals may also earn personal retirement incentives by participating in the Golf Retirement Plus Sponsor Programs.
Since 1993, PepsiCo, maker of iconic beverage brands such as Pepsi, Mountain Dew, Gatorade, Lipton iced teas and Aquafina, has served as the official non-alcoholic beverage provider of PGA Professionals.
PEP is trading down 0.18% at $72.62 on Tuesday. The stock has been trading between $58.50 and $72.94 for the past 52 weeks.