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
The Southern United States (sometimes Dixie, also referred to as the Southern States, the American South, the Southland, Dixieland, or simply the South) is List of regions of the United States, census regions defined by the United States Cens ...
.
It is now part of
Utz Quality Foods
Utz Brands, Inc. (), more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces a variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands. ...
.
History
The Golden Flake brand (originally known as Magic City Foods
) was established in the 1920s by Mose Lischkoff and Frank Mosher in a
Birmingham, Alabama
Birmingham ( ) is a city in the north central region of Alabama, United States. It is the county seat of Jefferson County, Alabama, Jefferson County. The population was 200,733 at the 2020 United States census, 2020 census, making it the List ...
, 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. 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
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...
under the symbol "GLDC".
One of its most famous spokesmen was
Paul "Bear" Bryant
Paul William "Bear" Bryant (September 11, 1913 – January 26, 1983) was an American college football player and coach. He is considered by many to be one of the greatest college football coaches of all time, and best known as the head coach of ...
, the head football coach for the Alabama Crimson Tide.
For years, the potato chips, along with
Coca-Cola
Coca-Cola, or Coke, is a cola soft drink manufactured by the Coca-Cola Company. In 2013, Coke products were sold in over 200 countries and territories worldwide, with consumers drinking more than 1.8 billion company beverage servings ...
, were marketed with the slogan, "'Great Pair' says 'the Bear'".
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.
[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/ Retrieved September 13, 2016.]
References
External links
*{{official website, https://www.utzsnacks.com/pages/golden-flake
Companies based in Birmingham, Alabama
Brand name snack foods
Snack food manufacturers of the United States
Companies formerly listed on the Nasdaq
1923 establishments in Alabama
2016 mergers and acquisitions
American companies established in 1923
Food and drink companies established in 1923
Utz Brands