Golden Flake facts for kids
 |
|
| Subsidiary | |
| Traded as | 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 |
Golden Flake Snack Foods makes yummy snacks like potato chips, tortilla chips, and cheese curls. They also produce corn chips, fried pork skins, and other tasty treats. Golden Flake snacks are very popular in the Southern United States. Today, Golden Flake is part of a bigger company called Utz Quality Foods.
Contents
The Story of Golden Flake
How Golden Flake Started
Golden Flake started a long time ago, in the 1920s. It was first known as Magic City Foods. Two people, Mose Lischkoff and Frank Mosher, began making snacks. They started their business in the basement of a grocery store. This store was located in Birmingham, Alabama.
Growing the Company
In 1956, Sloan Bashinsky Sr. bought Magic City Foods. He bought it from his father and uncle. A year later, in 1957, he changed the company's name. It became "Golden Flake." In 1958, the company moved its snack-making factory. It moved to a larger, 5-acre site where it still operates today.
In 1963, Golden Flake grew even more. They bought another snack company called Don's Foods. This company was based in Nashville, Tennessee. In 1968, Golden Flake made a big change. They became a public company, meaning people could buy shares of the company. Its name changed again to Golden Enterprises, Inc. The company's shares were listed on the NASDAQ stock market. Its symbol there was "GLDC." However, Golden Flake is no longer a public company today.
Famous Spokesperson
One of the most famous people to promote Golden Flake was Paul "Bear" Bryant. He was a very well-known football coach. Coach Bryant led the Alabama Crimson Tide football team. For many years, Golden Flake potato chips were advertised with Coca-Cola. Their famous slogan was, "'Great Pair' says 'the Bear'".
Joining Utz Quality Foods
On July 19, 2016, Golden Flake announced some big news. Another snack company, Utz Quality Foods, was going to buy them. Utz bought Golden Flake for $12.00 per share. This was a much higher price than what the shares were usually trading for.
