FOOD

Frito-Lay Buying 4 Eagle Snacks Plants: Anheuser-Busch is cashing in its chips. Plano, Texas-based Frito-Lay, a division of PepsiCo Inc. is buying four of five Eagle Snacks plants to expand its snack-making capacity, the companies announced. Frito-Lay has about half the $15-billion salty-snacks market share. St. Louis-based Anheuser-Busch announced in October that its Eagle Snacks division, which makes pretzels, potato chips, peanuts and other snack foods, would be up for sale so the company could focus on its core businesses of beer, theme parks and aluminum cans. Terms of the sale, which requires regulatory approval, were not disclosed.