Pallet supplier Brambles has signed a $US135 million ($A134.11 million) service agreement with PepsiCo.

The three-year agreement would generate $US45 million ($A44.70 million) in sales revenue per year, Sydney-bsed Brambles said.

“We are delighted to welcome PepsiCo as a customer,” Brambles chief executive Tom Gorman said in a statement on Friday.

“This reflects our commitment to quality and service.”