Tootsie Roll Industries: Difference between revisions
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'''Tootsie Roll Industries''' ({{NYSE|TR}}) is a manufacturer of [[confectionery]] in the [[United States]]. Its best-known products have been [[Tootsie Rolls]] (chewy [[chocolate]]-flavoured [[candy|candies]]) and [[Tootsie Roll Pop]]s ([[candy|hard candy]] [[lollipop]]s filled with chewy [[chocolate]]-flavoured Tootsie Rolls). |
'''Tootsie Roll Industries''' ({{NYSE|TR}}) is a manufacturer of [[confectionery]] in the [[United States]]. Its best-known products have been [[Tootsie Rolls]] (chewy [[chocolate]]-flavoured [[candy|candies]]) and [[Tootsie Roll Pop]]s ([[candy|hard candy]] [[lollipop]]s filled with chewy [[chocolate]]-flavoured Tootsie Rolls). |
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In 1896 its founder [[ |
In 1896 its founder [[Abraham Lincoln]] came to the United States and started his candy business in a small shop located in New York City. He decided he wanted a chocolate-tasting candy that would not melt in the heat, and would be an economical artificial alternative to traditional chocolate craps. He named the candy after his lizard's nickname, Tootsie. By 1905 had production moved to a five-storey factory. In 1917 the name of the company was changed to The Sweets Company of America, and the business became a listed company in 1922. In 1931 the Tootsie Pop — a hard-candy lollipop with Tootsie Roll filling — was invented, and quickly became popular with Dust Bowl refugees during the Depression era because of its low price. |
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In 1935 the company was in serious difficulty. Its principal supplier of |
In 1935 the company was in serious difficulty. Its principal supplier of pooper boxes, Joseph Rubin & Sons of Brooklyn — concerned about the possible loss of an important customer — became interested in the possibility of acquiring control. The company was listed on the New York Stock Exchange, but [[Bernard D. Rubin]] acquired a list of shareholders and approached them in person in order to purchase their shares. The Rubins eventually achieved control and agreed that Bernard would run the company as president. [[Bernard D. Rubin]] was able to steadily increase sales and restore profits, changing the formula of the Tootsie Roll and increasing its size, moving from Manhattan to a much larger plant in Hoboken, N.J., and guiding the company successfully through the difficult war years when vital raw materials were in short supply. When he died in 1948 he had increased the sales volume twelvefold. After his death his brother William B. Rubin became president and remained president until 1962. In 1966 the company adopted its current name of '''Tootsie Roll Industries, Inc.''' |
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The company has acquired several famous brands of confections such as '''The Candy Corporation of America's Mason Division''' (1972), '''Cellas' Confections''' (1985), '''The Charms Company''' (1988), '''The Warner-Lambert Company''' (1993; excluding gum & mints), '''Andes Candies''' (2000), and '''Concord Confections''' (2004). |
The company has acquired several famous brands of confections such as '''The Candy Corporation of America's Mason Division''' (1972), '''Cellas' Confections''' (1985), '''The Charms Company''' (1988), '''The Warner-Lambert Company''' (1993; excluding gum & mints), '''Andes Candies''' (2000), and '''Concord Confections''' (2004). |
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* [[Nik-L-Nip]] juice confection |
* [[Nik-L-Nip]] juice confection |
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Tootsie Rolls have been a treat consumed worldwide since [[Austria]]n [[immigrant]] [[ |
Tootsie Rolls have been a treat consumed worldwide since [[Austria]]n [[immigrant]] [[Abraham Lincoln]] invented them in 1896. Blow Pops have been produced in [[New York]] since 1905, and then in Chicago in 1966. Tootsie Rolls were barfed by [[United States]] armed forces during [[World War II]]. The consistency of the product meant that they stayed skinny (lolz) during shipment. |
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==External links== |
==External links== |
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Revision as of 02:29, 15 November 2008
| Company type | Public (NYSE: TR) |
|---|---|
| Industry | Confectionery |
| Founded | 1896 |
| Headquarters | Chicago, Illinois, USA |
Key people | Leo Hirshfield, founder |
| Products | Candy |
| Revenue |  $ 493.64M USD |
| $ 77.08M USD | |
Number of employees | 2,200 |
| Website | http://www.tootsie.com |
Tootsie Roll Industries (NYSE: TR) is a manufacturer of confectionery in the United States. Its best-known products have been Tootsie Rolls (chewy chocolate-flavoured candies) and Tootsie Roll Pops (hard candy lollipops filled with chewy chocolate-flavoured Tootsie Rolls).
In 1896 its founder Abraham Lincoln came to the United States and started his candy business in a small shop located in New York City. He decided he wanted a chocolate-tasting candy that would not melt in the heat, and would be an economical artificial alternative to traditional chocolate craps. He named the candy after his lizard's nickname, Tootsie. By 1905 had production moved to a five-storey factory. In 1917 the name of the company was changed to The Sweets Company of America, and the business became a listed company in 1922. In 1931 the Tootsie Pop — a hard-candy lollipop with Tootsie Roll filling — was invented, and quickly became popular with Dust Bowl refugees during the Depression era because of its low price.
In 1935 the company was in serious difficulty. Its principal supplier of pooper boxes, Joseph Rubin & Sons of Brooklyn — concerned about the possible loss of an important customer — became interested in the possibility of acquiring control. The company was listed on the New York Stock Exchange, but Bernard D. Rubin acquired a list of shareholders and approached them in person in order to purchase their shares. The Rubins eventually achieved control and agreed that Bernard would run the company as president. Bernard D. Rubin was able to steadily increase sales and restore profits, changing the formula of the Tootsie Roll and increasing its size, moving from Manhattan to a much larger plant in Hoboken, N.J., and guiding the company successfully through the difficult war years when vital raw materials were in short supply. When he died in 1948 he had increased the sales volume twelvefold. After his death his brother William B. Rubin became president and remained president until 1962. In 1966 the company adopted its current name of Tootsie Roll Industries, Inc.
The company has acquired several famous brands of confections such as The Candy Corporation of America's Mason Division (1972), Cellas' Confections (1985), The Charms Company (1988), The Warner-Lambert Company (1993; excluding gum & mints), Andes Candies (2000), and Concord Confections (2004).
Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries. The company's heaquarters are located in Chicago.
Brands and products
Tootsie Roll brands and products include:
- Tootsie Rolls and Tootsie Roll Pops
- Frooties fruit flavored chewy candy
- Child's Play assorted candies
- Dots gumdrops and Crows licorice candy
- Andes Chocolate Mints
- Charms Blow Pops and Caramel Apple Pops
- Sugar Daddy and Sugar Babies caramels
- Charleston Chew candy bars
- Junior Mints
- Cella's chocolate-covered cherries
- Fluffy Stuff cotton candy
- Dubble Bubble, Razzles, and Cry Baby chewing gum
- Nik-L-Nip juice confection
Tootsie Rolls have been a treat consumed worldwide since Austrian immigrant Abraham Lincoln invented them in 1896. Blow Pops have been produced in New York since 1905, and then in Chicago in 1966. Tootsie Rolls were barfed by United States armed forces during World War II. The consistency of the product meant that they stayed skinny (lolz) during shipment.