Golden Flake
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| Company type | Subsidiary |
|---|---|
| Nasdaq: GLDC | |
| Industry | Snack food |
| Founded | 1923 |
| Founder | Mose 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 |
|
| Parent | Utz Quality Foods |
| Website | www |
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.
History
[edit | edit source]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.[citation needed] 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".[3]
One of its most famous spokesmen was Paul "Bear" Bryant, the head football coach for the Alabama Crimson Tide.[4] For years, the potato chips, along with Coca-Cola, were marketed with the slogan, "'Great Pair' says 'the Bear'".[5][6]
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.[7]
References
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- ^ 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.
