Golden Flake

Last updated
Golden Flake
Type Subsidiary
IndustrySnack food
Founded1923;100 years ago (1923)
FounderMose Lischkoff and Frank Mosher
Headquarters,
United States
Area served
Alabama, Mississippi, Georgia, Florida, Tennessee, Arkansas, Louisiana, South Carolina, Kentucky, Texas, Oklahoma, Missouri, Virginia, North Carolina, Indiana, Maryland
Key people
Mark W. McCutcheon (Chairman of the Board), Paul R. Bates (Executive Vice President), David A. Jones (Executive Vice President), Patty Townsend (Chief Financial Officer)
Parent Utz Quality Foods
Website Golden Flake Snack Foods

Golden Flake Snack Foods is a producer of potato chips, tortilla chips, corn chips, cheese curls, fried pork skins, and other snack foods in the Southern United States. [1] It is now part of Utz Quality Foods.

Contents

History

The Golden Flake brand (originally known as Magic City Foods [2] ) was established in the 1920s by Mose Lischkoff and Frank Mosher in a Birmingham, Alabama, grocery store basement.

In 1956, Sloan Bashinsky Sr bought Magic City Foods from his father and uncle. He changed the name to "Golden Flake" a year later and, in 1958 moved the production facility to its current 5-acre site. In 1963 he oversaw the acquisition of Don's Foods, a Nashville, Tennessee-based snack producer and distributor. [3] In 1968, the company went public, changing its name again to Golden Enterprises, Inc. It is no longer publicly traded today, and was listed in the NASDAQ under the symbol "GLDC". [4]

One of its most famous spokesmen was Paul "Bear" Bryant, the head football coach for the Alabama Crimson Tide. [5] For years, the potato chips, along with Coca-Cola, were marketed with the slogan, "'Great Pair' says 'the Bear'". [6] [7]

On July 19, 2016, Golden Flake announced that it was being acquired by Utz for $12.00 per share in cash, representing a 71% premium over the average 30-day trading price of $7.00. [8]

Related Research Articles

<span class="mw-page-title-main">Potato chip</span> Deep-fried or baked thin slice of potato

A potato chip or crisp is a thin slice of potato that has been deep fried, baked, or air fried until crunchy. They are commonly served as a snack, side dish, or appetizer. The basic chips are cooked and salted; additional varieties are manufactured using various flavorings and ingredients including herbs, spices, cheeses, other natural flavors, artificial flavors, and additives.

<span class="mw-page-title-main">PepsiCo</span> American multinational food and beverage corporation

PepsiCo, Inc. is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manufacturing, distribution, and marketing of its products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc., PepsiCo has since expanded from its namesake product Pepsi Cola to an immensely diversified range of food and beverage brands. The largest and most recent acquisition was Pioneer Foods in 2020 for US$1.7 billion and prior to it was buying the Quaker Oats Company in 2001, which added the Gatorade brand to the Pepsi portfolio and Tropicana Products in 1998.

<span class="mw-page-title-main">Lay's</span> Snack food brand and company

Lay's is a brand of potato chips with different flavors, as well as the name of the company that founded the chip brand in the United States. The brand is also referred to as Frito-Lay because both Lay's and Fritos are brands sold by the Frito-Lay company, which has been a wholly owned subsidiary of PepsiCo since 1965.

<span class="mw-page-title-main">Herman Lay</span> American businessman

Herman Warden Lay was an American businessman who was involved in potato chip manufacturing with his eponymous brand of Lay's potato chips. He started H.W. Lay Co., Inc., now part of the Frito-Lay corporation, a subsidiary of PepsiCo.

<span class="mw-page-title-main">Snyder's of Hanover</span> American pretzel company

Snyder's of Hanover is an American bakery and pretzel brand distribution company based in Hanover, Pennsylvania, specializing in German traditional pretzels. Its products are sold throughout the United States, Canada, many European nations, Asia, and in the Middle East.

<span class="mw-page-title-main">Humpty Dumpty Snack Foods</span> American food company

Humpty Dumpty Snack Foods is an American food company, operating as a subsidiary of Old Dutch Foods, that packages and sells snack foods. The company is named after the nursery rhyme character and features the character as the company logo. Humpty Dumpty products are generally sold in New England, Quebec and Atlantic Canada.

<span class="mw-page-title-main">Diamond Foods</span> U.S. food company

Diamond Foods was an American packaged food company based in San Francisco, that marketed nuts and other snack foods. Diamond Foods was acquired by Snyder's-Lance in 2016, and as of 2018, Campbell Soup Company owns Diamond Foods's former snack brands; Diamond of California, Diamond Foods's nut business, is owned by Blue Road Capital.

<span class="mw-page-title-main">Universal Robina</span> Filipino food and beverage company

Universal Robina Corporation (URC) is a Philippine company based in Quezon City, Philippines. It is one of the largest food and beverage companies in the Philippines.

<span class="mw-page-title-main">Tim's Cascade Snacks</span> Subsidiary of Utz Brands

Tim's Cascade Snacks, a subsidiary of Utz Brands, is a manufacturer of potato chips and popcorn. The brands include Tim's Cascade Style Potato Chips, Hawaiian Brand Kettle Chips, and Erin's Gourmet Popcorn.

Wachusett Potato Chip Company in Fitchburg, Massachusetts was founded in 1937, by Polish-American brothers Theofil and Steven Krysiak. The company takes its name from nearby Mount Wachusett. The company was originally founded in Clinton, Massachusetts and moved to Fitchburg in 1947 when it purchased a decommissioned Fitchburg County jail building and grounds. The company converted the property and it has served as a manufacturing and distribution facility for snack products since that time. The company made several additions and renovations over time to accommodate manufacturing and storage needs. It completed its last large scale renovation in the 1980s which included the addition of air conditioning to the manufacturing facility.

<span class="mw-page-title-main">Wise Foods</span> American snack foods producer

Wise Foods, Inc. is a company based in Berwick, Pennsylvania, that makes snacks and sells them through retail food outlets in 15 eastern seaboard states, as well as Vermont, Ohio, West Virginia, Kentucky, Tennessee, and Washington, D.C. Best known for its several varieties of potato chips, Wise also offers Cheez Doodles, bagged popcorn, tortilla chips, pork rinds, onion rings, Dipsy Doodle chips, nachos, Quinlan brand pretzels, and French onion dips.

<span class="mw-page-title-main">Walkers (snack foods)</span> British snack food manufacturer

Walkers Snack Foods Limited, trading as Walkers, is a British snack food manufacturer mainly operating in the UK and Ireland. The company is best known for manufacturing potato crisps and other (non-potato-based) snack foods. In 2013, it held 56% of the British crisp market. Walkers was founded in 1948 in Leicester, England, by Henry Walker. The Walkers family sold the business in 1970 to American food producer, Standard Brands. In 1989, Walkers was acquired by Lay's owner, Frito-Lay, a division of PepsiCo.

<span class="mw-page-title-main">Shearer's Foods</span> Snack product manufacturer

Shearer's Foods, LLC is a U.S. manufacturer and distributor of snack foods. Founded in 1974 as Shearer's Snacks in Brewster, Ohio, the company now has factories in Ohio, Texas, Arkansas, Oregon, Virginia, Iowa, Minnesota and Ontario, with worldwide distribution.

<span class="mw-page-title-main">Frito-Lay</span> American company producing snack foods

Frito-Lay, Inc. is an American subsidiary of PepsiCo that manufactures, markets, and sells corn chips, potato chips, and other snack foods. The primary snack food brands produced under the Frito-Lay name include Fritos corn chips, Cheetos cheese-flavored snacks, Doritos and Tostitos tortilla chips, Lay's and Ruffles potato chips, Rold Gold pretzels, and Walkers potato crisps. Each brand generated annual worldwide sales over $1 billion in 2009.

<span class="mw-page-title-main">Utz Brands</span> U.S. food company

Utz Brands, Inc., more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands.

The Bear Bryant Show was a weekly coaches' show that served as a weekly recap of the Alabama Crimson Tide football team's previous day's game. The show ran during the tenure of head coach Paul "Bear" Bryant from the 1958 through the 1982 seasons. Co-hosted by John Forney (1961–1965), Bill Austin (1966), Charley Thornton (1967–1981) and Steadman Shealy (1982), The Bear Bryant Show was a cultural phenomenon within the state of Alabama that contributed to the rise in popularity and awareness of the university's football program during the 1960s and 1970s. The show ran for an hour during its entire run.

<span class="mw-page-title-main">Food industry of Russia</span> Overview of the food industry of Russia

The food industry of Russia is a branch of industry in Russia.

<span class="mw-page-title-main">Post Holdings</span> American consumer packaged goods holding company

Post Holdings, Inc. is an American consumer packaged goods holding company headquartered in St Louis, Missouri with businesses operating in the center-of-the-store, refrigerated, foodservice, and food ingredient categories. Its Post Consumer Brands business manufactures, markets, and sells both branded and private label cereal products. Its Michael Foods Group business supplies value-added egg products and refrigerated potato products to the foodservice and food ingredient channels. Through its Post Refrigerated Retail business, Post offers potato, egg, sausage, and cheese refrigerated side dishes products. Post participates in the private brand food category through its investment in 8th Avenue Food & Provisions, a leading, private brand centric, consumer products holding company.

References

  1. "New potato chips from Golden Flake coated with caffeine". The Decatur Daily . Decatur, AL. Associated Press. September 3, 2007. Retrieved January 7, 2014.
  2. Burhans, Dirk (August 18, 2008). Crunch!: A History of the Great American Potato Chip. Madison, WI: University of Wisconsin Press. p. 80. ISBN   978-0299227708 . Retrieved January 7, 2014.
  3. "Golden Flake - Bhamwiki". www.bhamwiki.com. Retrieved 2021-03-15.
  4. Poe, Ryan (July 18, 2013). "Rising costs take bite out of Golden Flake earnings". Birmingham Business Journal . Retrieved January 7, 2014.
  5. Nicholson, Gilbert (February 28, 2000). "Coca-Cola, Golden Flake consider selling tapes of Bryant's show". Sports Business Daily . Retrieved January 7, 2014.
  6. Theibert, Philip (June 8, 2013). Potato Chip Economics: Everything you need to know about business clearly and concisely explained. New Alresford: John Hunt Publishing Ltd. ISBN   978-1782790341 . Retrieved January 7, 2014.
  7. Nicholson, Gilbert (February 27, 2000). "'Great Pair' hoping to bring back 'The Bear'". Birmingham Business Journal . Retrieved January 7, 2014.
  8. Golden Enterprises, Inc. and Utz Quality Foods, Inc. announced that they entered into a definitive merger agreement GoldenFlake.com (Golden Enterprises's website) https://goldenflake.com/golden-enterprises-inc-utz-quality-foods-inc-announced-entered-definitive-merger-agreement/ Archived 2016-09-24 at the Wayback Machine Retrieved September 13, 2016.