Davis, Calif. – After a year-long evaluation, UC Davis has finalized a new preferred supplier contract with PepsiCo, extending the university's long-standing partnership with the fourth-largest beverage distributor in the world. Over the life of the new agreement, UC Davis will receive more than $10 million to fund a variety of student programs, sustainability, health and wellness initiatives, and to offset operating costs for retail locations. The agreement will increase annual funding to UC Davis by roughly 20% compared with the prior contract.