The Quaker Oats Company in Canada was founded in June 1902 with the establishment of a mill in Peterborough, Ontario. Another mill was purchased in 1912 in Saskatoon, Saskatchewan. On August 13, 1943, the Canadian mills were incorporated as the Quaker Oats Company of Canada, Ltd. with main offices in Peterborough. It was then operated as a autonomously managed subsidiary of the Quaker Oats Company of Chicago, Illinois. In 2001, the company was acquired by PepsiCo, Inc. and is operated as the Quaker Division of PepsiCo Canada ULC.