tootsie roll industries
tootsie roll industries, inc. - company profile, information, business description, history, background information on tootsie roll industries, inc .
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1966 the company' s name is changed to tootsie roll industries, inc .
spruce point' s ben axler: tootsie roll industries is' all ...
2000 tootsie roll acquires o' tec industries and begins to manufacture fluffy stuff cotton candy .
tootsie roll industries has supported america' s troops throughout history and continues to do so today .
2000 o' tec industries and andes candies join tootsie roll and production of fluffy stuff cotton candy begins .
in 1968 tootsie roll industries moved to chicago where we are still making 64 million tootsie rolls every day. tootsie roll pops and dots are also manufactured at the chicago location .
charms joins the tootsie roll family making tootsie roll the largest producer of lollipops in the world .
tootsie roll industries (tr) - - tr produces the number one and number two movie theater confectioner products .
quick description: cambridge brands, inc. , a subsidiary of tootsie roll industries, makes tootsie rolls, tootsie roll pops and many of the other well known candies for the company .
melvin gordon, chairman and ceo of tootsie roll industries since 1962, died tuesday after a brief illness at 95 .
1988 tootsie roll acquires the charms company. combined production of the tootsie pop, blow pops, and charms line of lollipops makes tootsie roll industries, inc. the world' s largest lollipop producer .
in 1993tootsie roll industries welcomed the addition of junior mints, sugar daddy, sugar babies and charleston chew .
tootsie roll industries, inc. breached its 50 day moving average in a bearish manner: tr - us: december 8, 2017
ow for chance to win the tootsie roll hot cocoa type of your choice and a bag of tootsie roll midgees .
tootsie roll industries inc. announced wednesday that it has purchased toronto - based concord confections inc. , maker of dubble bubble bubble gum .
klobucar, jack ,
how sweet it is: tootsie roll industries posts record sales ,
midway, may 1986, p. 24 .
officials from tootsie roll industries, llc, joined with can do, inc. , and state and local representatives for a ribbon - cutting celebration friday at tootsie roll’s new distribution center in humboldt industrial park .
have you ever been curious how tootsie roll industries gets the tootsie roll into the center of the tootsie pop, how dots are made, or what color crows are? get a first - hand look at how products like tootsie rolls, tootsie pops, and more are manufactured and packaged. listen as mrs. ellen gordon and mr. melvin gordon discuss the history of tootsie roll industries, their experience with america' s candy favorites, and just how many licks it takes to get to the center of a tootsie roll tootsie pop !
ellen gordon and her late husband ran tootsie roll industries for more than half a century, but there' s no clear succession plan despite heavy insider ownership .
in 2004, tootsie roll industries acquired concord confections adding a variety of dubble bubble, wack - o - wax, and vending candy products to its family .
elderly executives: the death of tootsie roll industries' ceo melvin gordon at age 95 puts a spotlight on executives who retain top corporate posts well into their golden years .
company officers ellen and melvin gordon traveled to the event from chicago, where tootsie roll industries is headquartered. ellen gordon serves as the company’s president and chief operating officer. melvin gordon is tootsie roll’s chairman of the board and chief executive officer .
as part of the transaction announced today, tootsie roll industries, inc. , will acquire substantially all of concord' s assets, including its three manufacturing facilities. concord had net sales of approximately canadian $ 116 million in the fiscal year ended december 31, 2003. tootsie roll industries' 2003 net sales were approximately u. s. $ 393 million .
tootsie roll ceo dies at 95: we may never know how many licks .
the end of a candy era: tootsie roll ceo dies at age 95 .
there may be one or two free lessons from tootsie roll industries that would apply to most businesses. perhaps the company’s financial philosophy is aligned with its note to consumers regarding a healthy lifestyle: “when consumed in moderation, you can enjoy delicious tootsie candies without compromising the benefits of a nutritious, well - balanced diet. ” it seems tootsie roll industries is well practiced in confident and selective decision - making—how sweet is that ?
1978 ellen gordon is named president of tootsie roll industries, inc. at this time, she is the second woman to be elected president of a company listed on the new york stock exchange .
tootsie roll in / sh (tr) position boosted by russell investments group ltd .
2004 tootsie roll acquires dubble bubble bubble gum producer concord confections of toronto, canada .
frank sintra and peggy lipp in a tootsie roll advertisement. it is said that frank sinatra' s favorite candy was the tootsie roll and he was even buried with them .
we are excited to add dubble bubble and concord' s other well - known brands to the tootsie roll industries' family of products ,
said melvin j. gordon and ellen r. gordon, chairman and president, respectively, of tootsie roll industries .
the agreement to acquire concord underscores our belief that strong brands will continue to contribute to the long - term success of our company .
some industries might be ripe for disruption, but there is at least one business where moats still have their place .
categories: etfs yahoo financeclick here to see latest analysis etfs with exposure to tootsie roll industries, inc. here are 5 etfs with the largest exposure to tr - us. comparing the performance and risk of tootsie roll industries, inc. with the etfs that have exposure to it gives us some etf choices that could give us similar returns with lower... read more (read more... )
brief - tootsie roll says ceo' s 2017 total compensation was $ 5. 50 mln
as television sweeps the country, tootsie roll sponsors children' s shows on national television .
1968 tootsie roll expands operations to include the philippines and other areas of the far east .
2002 tootsie roll celebrates is 100th anniversary of being listed on the new york stock exchange .
1988 tootsie roll acquires the charms company and becomes the world' s largest lollipop producer .
tootsie roll paid $ 197 million in cash for concord and will assume $ 20 million in debt. the deal will add three canadian manufacturing facilities to tootsie roll' s assets .
dubble bubble will join another gum, the charms blow pop, marketed by tootsie roll .
1931 the tootsie pop, consisting of hard candy on the outside and chocolaty, chewy tootsie roll on the inside, is invented .
melvin j. gordon, who ran chicago - based candy - maker tootsie roll industries for more than 50 years, held the distinction of being the oldest ceo of any business listed on the two major stock exchanges .
mr. gordon also oversaw tootsie roll' s vertical integration of its manufacturing and marketing process .
ben axler, spruce point capital, discusses shorting shares of tootsie roll ahead of the halloween season .
tootsie roll opens a midwest facility in the ford city industrial park on chicago' s southwest side .
2003 company production reaches more than 60 million tootsie rolls and 20 million tootsie pops each day .
tootsie roll sells its products under the brands tootsie roll, tootsie roll pops, caramel apple pops, child’s play, charms, blow pop, blue razz, cella’s chocolate covered cherries, tootsie dots, tootsie crows, junior mints, junior caramels, charleston chew, sugar daddy, sugar babies, andes, fluffy stuff cotton dubble bubble, razzles, cry baby, nik - l - nip and ei bubble .
tiffany, susan ,
tootsie roll keeps rolling in the riches ,
candy industry, june 1993 .
tootsie roll industries, inc. , manufactures and distributes some of the world’s most popular confectionary brands. beginning in a new york candy store with the introduction of the tootsie roll in 1896, the company’s brands today include some of the most familiar candy names, such as tootsie roll, tootsie pop, charms blow pop, mason dots, andes, sugar daddy, charleston chew, dubble bubble, razzles, caramel apple pop, junior mints, cella' s chocolate - covered cherries and nik - l - nip .
the tootsie roll tootsie pop is invented. we still don' t know how many licks it takes to reach the center but we will continue to try .
blades, john ,
tootsie' s on a roll ,
chicago tribune, december 6, 1990 .
tootsie roll industries operates throughout north america and distributes its products in more than 75 countries. the 240, 000 - square - foot distribution center in humboldt industrial park east will handle all 36 of the company’s brands with more than 900 different items in stock .
in 1962 mr. gordon became sweets co. of america' s chairman and ceo, and he changed its name four years later to tootsie roll industries. in 1966 the company, then based in hoboken, n. j. , moved its operations to chicago, the candy manufacturing capital of the united states, leasing a large one - story building on the southwest side that had manufactured engines for world war ii bombers. tootsie roll industries today occupies 2. 3 million square feet at that location on south cicero avenue .
concord is well known for exceptional quality and dubble bubble is one of the top selling bubble gum brands since its introduction in 1928. we look for products that have a special bond with consumers when bringing new brands into the tootsie roll industries' family .
marcial, gene g. ,
a nibble at tootsie roll ,
business week, april 18, 2005 .
shares of tootsie roll closed at $ 30. 91 wednesday, up 7 cents on the new york stock exchange .
the tootsie roll chairman and chief executive ran the chicago - based confectionery company for 53 years, overseeing the manufacture of 64 million tootsie rolls a day and other sweets, including junior mints, charleston chews and tootsie pops .
in 2015 the company brought back tootsie fruit chews and added a companion product, tootsie fruit chew pops .
as candy nostalgists know, leo hirschfeld is the official hero of the tootsie roll saga. today, tootsie roll is one of the top candy sellers in the u. s. and it all started with leo, a poor austrian immigrant with a dream and some family candy recipes. according to the tootsie roll industries company history, hirschfeld began selling the chewy candies in his little shop in new york city in 1896. the next thing you know, it’s 1917, tootsie rolls are a huge commercial hit, and the company changes its name to “the sweets company of america. ” from that point out, the tootsie empire grows in leaps and bounds. the story of tootsie roll after 1917 is one of a big candy company getting bigger .
ryan, nancy ,
tootsie on a roll in forbes magazine survey ,
chicago tribune, october 29, 1991 .
leo hirschfield invents the tootsie roll and names it for his daughter. his new hand - rolled candy sells for one penny .
according to company officials, tootsie roll chose its location after close evaluation of greater hazleton. vice president of distribution john majors said he was pleased with what he found in the hazleton area and knew the location would be the right fit for tootsie roll .
1985 tootsie roll acquires cellas' confections, inc. , a chocolate covered cherry manufacturer operating in new york city, since 1864 .
amire, roula ,
innovation and quality keep tootsie roll on top ,
candy industry, august 2000, p. 24 .
dubble bubble will join chicago - based tootsie roll' s stable of brands that include charleston chew, junior mints and andes mints .
tootsie roll has long been hailed for one of the most memorable ads in pop culture history. perhaps you remember mr. owl being asked in 1970, “how many licks does it take to get to the tootsie roll center of a tootsie pop? ” according to tootsie roll, the answer is, “it depends on a variety of factors such as the size of your mouth, the amount of saliva, etc. …basically, the world may never know. ”
tootsie’s brands include some of the most familiar candy names: tootsie roll, tootsie pop, charms blow pop, dots, andes mints, junior mints, sugar daddy, charleston chew, dubble bubble, razzles, caramel apple pop, cella’s chocolate - covered cherries, nik - l - nip, and tootsie fruit chews .
remembering tootsie roll ceo melvin gordon, who has passed away at age 95. a 1995 feature from abc - tv world news now .
ellen and melvin gordon stand near an assembly line of tootsie roll products june 13, 1985, at the candy - maker’s plant in chicago .
ammeson, jane ,
tootsie roll' s sweet taste of success ,
compass readings, december 1989, pp. 32 - 37 .
morris, kathleen ,
tootsie roll: cashing in on closet candy eating ,
financial world, january 21, 1992, p. 16 .
tootsie roll joined the world of social media on august 26th, 2008. with a you tube channel, multiple brand pages on facebook and twitter, tootsie roll has expanded into pinterest as well as instagram and continues to expand its reach. click on the images below to visit our facebook pages .
morris, kathleen ,
tootsie roll: cashing in on closet candy eating ,
financial world, january 21, 1992, p. 16 .
launched in 1896 by the popularity of a single product, the iconic oblong piece of chewy, chocolate candy - tootsie roll industries has grown to become one of the country' s largest candy companies, with a lineup that includes some of the world' s most popular candy, chocolate, and bubble gum brands. thank you for visiting !
meet the tootsie pop squad, team devoted to finding out the age old question... how many licks does it take to get to the tootsie roll center of a tootsie pop? will the world ever know? tune in each week to see what the squad is up to !
gorman, john ,
tootsie roll turns chocolate into gold ,
chicago tribune, june 24, 1985, sec. 4, p. 1 .
from 1942 - 1945 tootsie roll goes to war in g. i. rations, providing
quick energy
for american troops in world war ii .
gorman, john ,
tootsie roll turns chocolate into gold ,
chicago tribune, june 24, 1985, sec. 4, p. 1 .
tootsie roll purchased the building late last year from exeter property group of the philadelphia area. “to bring companies such as tootsie roll to our industrial parks, can do is committed to working with real estate developers and brokers in addition to continuing our relationships with local municipalities, ” said can do president kevin o’donnell .
2004 in august 2004, tootsie roll industries acquires concord confections of toronto, canada, a market leader in the bubble gum category, known for exceptional quality. concord confections' products are sold primarily under the dubble bubble brand that was introduced in 1928 and are known throughout the world. other concord products include razzles, cry baby and nik - l - nip .
the gordons took over the day - to - day business of tootsie roll industries more than 50 years ago, and they are notoriously secretive. they haven’t given an interview regarding their company for years, they are reluctant to permit tours through the factories, and although a succession plan is said to be in place, no one is privy to the specific details .
following gordon' s death, ellen gordin, his wife of 65 years, became tootsie roll chairman. she had been president and co - chief executive .
i was always taught that my family way back, the rubin’s, had something to do with the tootsie roll. is this blurb mentioned in wikipedia true ?
tootsie roll (nyse: tr) sells candy, including chocolate, bubble gum, lollipops, and its trademark tootsie roll truffles. tr also produces the number one selling (junior mint) and number two selling (dots) movie theater candies. along with being sold at movie theaters, tr products are given at holidays like halloween and bought from stores like wal - mart (which accounted for 23. 5% of tootsie roll sales in 2008). [ 1 ]
launched in 1896 after its chewy, oblong - shaped candy proved popular, tootsie roll industries has grown into one of america' s largest candy companies. founder leo hirshfield wanted to create a candy that wouldn’t melt in the heat and could be a viable alternative to chocolate. he named the candy after his daughter’s nickname. it was the first penny candy to be individually wrapped .
tootsie roll industries, inc. (tr) ownership summary provides a snapshot of institutional holdings and activity for a particular stock. the institutional holdings summary data encompasses the holdings and change from most recent 13f filings. the insider filer data counts the number of monthly positions over 3 month and 12 month time spans. summary data is calculated daily, using the most up to date information available .
the company' s most recent results from october show tootsie roll earned about $ 45 million in the first nine months of 2014 on sales of about $ 402 million .
two famous candy names – mason dots and crows – joined the tootsie roll family in 1972. production of dots and crows has exceeded over 23 million in a day .
and although investors are now eyeing the company as a potential takeover candidate, back then, the gordons seemed confident in tootsie roll’s future in the hands of their four daughters .
tootsie roll acquires andes candies. the andes brand includes the andes créme de menthe thins, cherry jubilee thins and toffee crunch thins as well as a line of mint patties .
can you guess who is the oldest ceo in a publicly traded american company? here’s a hint, some of the company’s brands have been halloween staples for multiple decades. it’s none other than 92 - year - old melvin gordon of tootsie roll industries, who runs the company together with his 80 - year - old wife, ellen gordon, the president. and no, their ages are not typos .
a 1940' s factory worker inspects tootsie pops as they are being made .
tootsie roll increasingly relies on information technology to analyze its supply chain as it looks for further cost reductions. it has installed an enterprise resource planning system to provide company wide data .
ellen and melvin gordon stand near an assembly line of tootsie roll products june 13, 1985, at the candy - maker’s plant in chicago. (walter kale, chicago tribune )
“melvin’s life represented the very highest values in business, wisdom, generosity and integrity, ” says ellen. “tootsie roll has seen great growth and success during his time as chairman. ”
- - - - - - ,
tootsie roll to stay in the family, owners say ,
crain' s chicago business, may 9, 2005, p. 4 .
categories: etfs yahoo financeget full capitalcube analysis * disclaimer: this is as of previous day’s closing price. technical indicators below is a quick look at 5 technical indicators for tootsie roll industries, inc. . more studies are available on the technical chart. indicator signal closing price above / below 50 day moving average bearish closing price above / below 200 day moving average... read more (read more... )
chicago, august 11, 2004 - - - tootsie roll industries, inc. , today announced that it signed a definitive agreement to purchase the assets of concord confections inc. of toronto, canada for u. s. $ 197 million plus an additional u. s. $ 20 million to discharge concord indebtedness. concord is a market leader in the bubble gum category and its products are sold primarily under the dubble bubble brand .
tootsie rolls
yum yum! thank you for a delicious fresh soft candy .
but for years tootsie roll has withstood pressure from buyers .
mrs. gordon always felt our best prospects were to remain independent, and … our company has grown ,
bowen said .
there doesn’t seem to be anybody named stern or saalberg in official tootsie roll history. so what was happening in that murky gap between 1896 and 1917? and what happened to leo hirschfeld ?
and when did anyone start thinking about tootsie rolls? the stern & saalberg co. applied for a trade - mark for “tootsie” for their “chocolate candy” in november 1908. the trade - mark was registered on september 14, 1909. they stated in their application that “tootsie” had been used in association with the candy since (drum roll, please) …september 1908 .
did hirschfeld make or sell a candy resembling the one that would be marketed as “tootsie roll” some time before? maybe. but there is another piece of the tootsie roll puzzle. in may of 1907, hirschfeld applied for a patent for a candy - making technique that would give tootsie rolls their distinctive texture (u. s. patent 903, 088; for more on the patent, see my tough tootsie, and how it got to be that way). the patent was awarded in november, 1908. the stern & saalberg co. started selling “tootsie rolls” in september 1808, and really began a big advertising and marketing push in 1909 .
1972 in june, the company acquires the mason division of candy corporation of america. the acquisition adds two famous candy names - - mason dots and crows - - to the tootsie roll family .
in 1962, gordon became chairman of american sweets, and changed its name to tootsie roll industries four years later. he moved the company from new jersey to chicago. following the move was a string of acquisitions, most notably mason dots (1972), cella' s confections (1985) and charms (1988). in 2004, the company picked up dubble bubble, a popular gum brand in bulk vending, when it acquired concord confections .
the company says melvin worked a full schedule until last month. his wife of 65 years, ellen, who served as tootsie roll’s previous president and chief operating officer, has been named his successor .
tootsie roll began in 1896, named after founder leo hirshfield’s five - year - old daughter. it listed on the new york stock exchange in 1922 and took off in the 1970s under melvin’s leadership .
it' s very exciting ,
said tootsie roll president ellen gordon .
we have a lot of children' s confections, so dubble bubble and their other brands fit right in .
concord had sales of about $ 89 million, in u. s. dollars, in the fiscal year ended dec. 31, 2003. tootsie roll recorded sales of $ 393 million in 2003 .
nicely written, cp! i think you nailed it on the head with leo being a brilliant scientist buy lousy businessman. quite interesting about the patented texture. i’ll admit, i like the semi - longevity of the tootsie roll - eating process. and i do loves me my tootsie pops !
under mr. gordon' s leadership, tootsie roll embarked on a variety of acquisitions, including mason dots in 1972, cella' s confections in 1985, charms in 1988 and dubble bubble in 2004 .
mr. gordon' s wife became tootsie roll' s president in 1978, and the pair ran the company as a team, only proceeding with an initiative if both of them signed off on it .
1905 tootsie rolls are now produced in a four - story candy factory in new york city .
however, it’s difficult to remember an ad campaign since then. yet, the tootsie roll brand remains relevant today among candy buyers. never needing to advertise is a surefire way to save on your bottom line .
the candy world lost one of its king confectioners on tuesday when melvin gordon, the longtime chief executive of tootsie roll, died at the age of 95 after a brief illness. gordon’s death was announced by the company on wednesday. his wife, ellen, who previously served as tootsie roll’s chief operating officer and president and is in her 80s, will assume the roles of chairman and ceo in accordance with the company’s succession plan .
though tootsie roll is a publicly traded company, a few members of the gordon family control more than 50 percent of its shares. melvin and ellen gordon also reportedly made every effort to keep tootsie roll in closely held hands. “we‘ve worked hard to keep suitors away, ” she told joël glenn brenner in the emperors of chocolate: inside the secret world of hershey and mars. “we want tootsie to remain independent. hopefully, our children, or the employees working in the company, will be able to run it someday. ”
now that melvin gordon has passed away, though, wall street seems to think ellen might change her mind. trading of tootsie roll was temporarily halted to make the announcement around noon, after which its stock popped 7 percent on apparent hopes that it might soon be the target of a takeover bid. in addition to owning the eponymous tootsie roll brands, the company sells dots, junior mints, charleston chews, sugar daddies, and several other confections. “people have felt for some time that the company was a good sell - out candidate, ” elliott schlang, managing director at great lakes review and a former tootsie roll analyst, told bloomberg. *
entry filed under: 1890 to ww i, candy nostalgia, heroes and personalities, myth busting. tags: candy inventions, candy inventors, jacob saalberg, julius stern, leo hirschfeld, leo hirshfield, tootsie roll .
in 1970, tootsie roll launched a hugely popular television commercial that became a staple in the company’s branding: “how many licks does it take to get to the center of a tootsie pop? ” since then, the company says, it has received 20, 000 letters from children who set out to solve the question .
th their own cella' s dips. she loves them! thank you tootsie for making a difference
the real answer, the company writes on its website, “depends on a variety of factors such as the size of your mouth, the amount of saliva, etc. basically, the world may never know. ” presumably that’s tootsie roll being facetious. but if melvin gordon did have any sort of answer (even a joking one), hopefully he passed it down to the rest of the family, along with all the other tootsie roll secrets .
my daughter opened a tootsie roll pop and took a bite of it and it had ants inside. i' ve tried to email the company and go on the site to notify you but the links aren' t working .
the chicago - based company said it had profit of 43 cents per share. the confectionary products maker posted revenue of $ 182. 2 million in the period. tootsie roll shares have fallen almost 7 percent since ...
by the way, tootsie roll for some reason spells leo’s last name “hirshfield. ” this is not the way leo spelled it in directories or patents or anyplace else. until the day he died, it was “hirschfeld. ”
the company is equally cryptic about its financial success—it refuses to hold quarterly earnings calls, deflects journalist’s requests for interviews and, as of last year, the sole remaining security analyst surprisingly quit covering tootsie roll because it was too hard to obtain information from them. with investors salivating over this gem of a company, what does the future hold for tootsie roll and how has it remained successful alongside candy giants like mars, inc. , kraft foods and hershey’s ?
kichen, steve ,
the best small company honor roll ,
forbes, november 11, 1994, p. 264 .
tootsie rolls made leo hirschfeld very rich. he couldn’t have done it on his own, though. without stern & saalberg, an established business with sufficient capital to launch a major candy line, hirschfeld would have languished in his little brooklyn house, selling bits of candy to the neighborhood kids. and without hirschfeld and his inventions, the stern & saalberg company would have gone on as a small candy wholesaler offering “fluffy mints” and “diamond” brand gelatin dessert mix. but the stern & saalberg company went on to become the sweets company of america, which in turn became tootsie roll industries, a business today worth well over one billion dollars .
lappen, alyssa a. ,
tootsie rolling in money ,
forbes, january 21, 1991 .
hirshfield names the candy after his five - year - old daughter, whose nickname is
tootsie .
based in chicago, tootsie roll boasts operations across north america. it taps distribution channels in more than 75 countries. some 92% if sales in the us with the other 8% originating in canada, mexico, and other countries .
it has been assumed for some time now that the maker of tootsie roll, blow pops, junior mints, and andes candies would sell itself at a rich premium, but spruce point now contends there are
fundamental
...
we have our own sugar refinery and our own ad agency ,
mr. gordon told the tribune in 1990 .
we make our own lollipop sticks. we even have our own trucking company, the tootsie roll express .
on a per - share basis, the chicago - based company said it had profit of 13 cents. the confectionary products maker posted revenue of $ 100. 9 million in the period. tootsie roll shares have decreased 18 percent ...
mr. gordon' s leadership was not without its critics. in 2012, the wall street journal published an article noting shrinking profit margins at tootsie roll and criticizing its practice of not holding quarterly earnings calls and refusing to speak with journalists .
tootsie roll products have been manufactured and sold in the united states since 1896 and have been a part of americana for almost eleven decades. for more information about the company, see the company' s website on the internet at: urltoken .
did you know that back in 1905 tootsie rolls were delivered by horse and buggy? .... .
can do chairman e. thomas sandrock welcomed the company to greater hazleton, saying, “we’re pleased to have tootsie roll join us in humboldt. we’re confident that greater hazleton has what the company and its new distribution center need to be successful. ”
tootsie' s brands include some of the most familiar candy names: tootsie roll, tootsie pop, charms blow pop, mason dots, andes, sugar daddy, charleston chew, dubble bubble, razzles, caramel apple pop, junior mints, cella' s chocolate - covered cherries, and nik - l - nip. they' re sold in a wide variety of venues, including supermarkets, warehouse and membership stores, vending machines, dollar stores, drug stores, and convenience stores .
andes candies inc. ; cambridge brands inc. ; charms llc; concord (gp) inc. ; concord brands, ltd. (canada); concord canada holdings ulc; concord confections holdings usa, inc. ; concord confections, ltd. (canada); concord partners lp; jt company, inc. ; the sweets mix company, inc. ; tootsie roll of canada ltd. ; tootsie roll worldwide ltd; tootsie rolls - latin america; tri de latinoamerica s. a. de c. v. ; tutsi s. a. de c. v. (mexico); world trade & marketing ltd .
[ … ] like the story of why hershey’s named their candy “kiss, ” or the story of the invention of the tootsie roll. they are all nice stories that add to the mystery and romance of the candy past. candy is a [ … ]
every day the company produces some 64 million tootsie rolls. the company also makes more than 16 million lollipops a day. tootsie roll maintains production plants in the us (4), mexico city (1), ontario, canada (1), and barcelona, spain (1). it operates as a single reportable segment that involves the manufacture and sale of confectionery products .
a nice story, right? but i uncovered evidence that blasts some serious holes in the official line on tootsie rolls .
i hear you! happily, tootsie roll and leaf remain independent companies…some of the last survivors from the golden age of american candy companies. hershey’s actually acquired reese’s a long time ago, back in the 1930s, but has successfully maintained a separate brand identity for that candy .
all the patents, trade - marks, and advertising put tootsie rolls in motion between 1907 and 1909. as far as i can gather from the evidence, the invention of tootsie rolls in 1896 in hirschfeld’s little brooklyn candy store is a myth .
tootsie roll produces candy in the form of chocolates, caramels, bubble gum, lollipops, and other confections. these candies are packaged by tr and sold under brand names like tootsie roll (chocolate taffy and lollipops), double bubble (bubble gum), charms (lollipops), and junior mints (mint chocolates). tr candy is sold at just about every consumer venue, from supermarkets such as wal - mart (23. 5% of 2008 net sales) [ 1 ] to convenience stores such as 7 - eleven and vending machines .
jargon, julie ,
tootsie rut ,
crain' s chicago business, december 20, 2004, p. 3 .
the classic treat, introduced in 1896, was named after candymaker leo hirshfield' s young daughter, clara, whose nickname was tootsie .
nothing can happen to a tootsie roll ,
gordon claimed in a 1996 interview .
we have some that were made in 1938 that we still eat. if you can' t bite it when it' s that old, you certainly can lick it .
perhaps the most famous bit of tootsie roll branding—the “how many licks? ” commercial—came out eight years into melvin gordon’s stewardship as ceo. the ad, which features a boy asking a cow, a peter lorre–esque fox, a turtle, and an owl, “how many licks does it take to get to the tootsie roll center of a tootsie pop? , ” debuted in 1970 and became an instant classic. (you can watch it for yourself up top .) since then, the company says it has received more than 20, 000 letters from children claiming to have found the elusive answer to that quandary. estimates range from a low of 100 licks to a high of 5, 800—children are dedicated counters .
merrion, paul ,
tootsie rolling downhill ,
crain' s chicago business, may 23, 1994, p. 46 .
it’s 1909, and the stern & saalberg company has a candy hit. americans just can’t get enough of their “chocolate tootsie rolls. ” those tootsie rolls have gotten so popular that they have to take out ads in the trade papers cautioning their customers against accepting inferior imitation. but who is this “stern & saalberg” who is taking all the credit for chocolate tootsie rolls? where is leo hirschfeld ?
i am soooo thrilled that this story is being investigated! we, as a family find it very interesting. my husband (a saalberg) is the great - grandson of jacob saalberg (which incidentally is my nefew’s name). my husband’s father has always told us the tootsie roll story, but only that his grandfather was the inventor of the toostie roll. keep up the great work! my kids have used your material for school reports on family history 🙂
majors also said the koz extensions approved by hazle township, the hazleton area school board and luzerne county played a key role in bringing tootsie roll to greater hazleton. “the municipalities really embraced our desire to be a part of the hazleton area and also added incentive through the koz extensions, ” he said .
a 1941 graduate of harvard college and a world war ii veteran, gordon first worked in the apparel industry. he entered the confections business in 1950 through his marriage to ellen rubin, whose father, william rubin, was president of sweets co. of america. the name changed to tootsie roll in 1966 .
this is what i’ve been looking for! how fascinating! i was always told that my great - grandmother worked at the tootsie roll factory in ny. she immigrated from italy in 1919 and lived at 451 w 46th st. (where my mother was born). after seeing the stern & saalberg co. ad for the tootsie roll it makes perfect sense. the factory located at 416 - 418 w 45th st. is practically in their backyard! thank you for helping me realize the story told to me as a child, was most probably true. great, great article and well told, you should write a book !
in 2015 tootsie roll' s sales slipped $ 3. 4 million to $ 540 million from 2014. the reduction was directly related to the sale of fewer products in 2015 as well as a stronger us dollar' s impact in mexico and canada. the high mark for revenue was about $ 550 million in 2012 .
i love my tootsie pops, and i loved this incredible, tragic story. it’s almost past imagining that the inventor of tootsie rolls – named for his spunky daughter – would have ended up putting a bullet in his brain in a lonely hotel room. please, it’s been almost three years since this post; are either you or steve ready to tell the tale of “how the tootsie tale spins its sticky tentacles into surprising corners of american commerce” ?
i just happened on this site because there was a question on millionaire about hirschfeld and clara and i went to google to look up the history. the reason i was curious is that my husband (of blessed memory) told me the story for years of the inventor of the tootsie roll having come up with this candy serendipitously. the story, as he told it, was that one day clara (tootsie) came to visit her dad’s chocolate factory and, when a vat of chocolate was burned that day, she said “don’t throw that out – it’s delicious. ” leo supposedly took the burnt chocolate and formed it into a roll and the rest is history .
the majority of the company’s products are sold under registered trademarks and feature some of the country’s most popular brands, including tootsie roll, tootsie pop (which followed its namesake in 1931), blow pop, charleston chew, dubble bubble, razzles and junior mints. they are distributed through nearly 100 candy and grocery brokers and by the company itself to more than 15, 000 customers. these customers include wholesale distributors of candy and groceries, supermarkets, variety stores, dollar stores, drug chains and more .
as the company moved into the late 1980s and early 1990s ,
tootsie on roll ,
became a familiar phrase within business circles, aptly describing the company' s continued growth in spite of the recessionary environment. net sales rose more than 80 percent between 1987 and 1990, while net profits increased 75 percent during the same period. as malcolm berko stated in a akron beacon journal column, the company appeared
nearly impervious to economic cycles .
berko noted that
since 1979, tootsie roll' s dividends have increased three - fold, sales have tripled, book value has jumped five - fold, net profit margins have doubled while sales sweetened from $ 60 million to $ 220 million
in 1991 .
as the company moved into the late 1980s and early 1990s ,
tootsie on roll ,
became a familiar phrase within business circles, aptly describing the company' s continued growth in spite of the recessionary environment. net sales rose more than 80 percent between 1987 and 1990, while net profits increased 75 percent during the same period. as malcolm berko stated in an akron beacon journal column, the company appeared
nearly impervious to economic cycles .
berko noted that
since 1979, tootsie roll' s dividends have increased three - fold, sales have tripled, book value has jumped five - fold, net profit margins have doubled while sales sweetened from $ 60 million to $ 220 million
in 1991 .
] so much! i recently had a small incident with a few packages of razzles and tootsie was very prompt on helping me and repairing it. the issue wa
the company, which was formed in 1896, has always been secretive about its tootsie roll recipe. succession plans, what might happen after melvin or ellen gordon left the business, have also been secret. but when melvin gordon died in early 2015, the board of directors appointed ellen gordon chairman and ceo in keeping with what the company said was its existing succession plan .
and three others who had shared his cabin on the neckar in 1884. all of them were by then extremely wealthy. each had a remarkable rags - to - riches story. one was a movie mogul, another made a fortune in fancy goods. and hirschfeld’s story was all about the candy business. “ [ hirschfeld ] fought his way up until he became superintendent of the stern - saalberg concern. then he invented a certain children’s confection”…the tootsie roll. notice the way hirschfeld told the story to this reporter in 1913: first he went to work for stern & saalberg, then he invented the tootsie roll. and what’s all this about “fought his way up” in the stern & saalberg company? that doesn’t sound exactly like a merger of equals .
tootsie, charms, and concord products are sold in canada and over 75 other countries in europe, asia, and south and central america. in 2005 the company was recognized by business ethics magazine as one of the 100 best corporate citizens. tootsie showed no signs of slowing down and continued to target for acquisition companies that would complement its product line .
with the 1993 passage of the north american free trade agreement (nafta), which promised to relax trade restrictions between the united states and its neighboring countries of canada and mexico, tootsie roll was expected to place more emphasis on its operations to the north and south. in an interview for snack food magazine, ellen gordon predicted more intense competition as a result of nafta, commenting ,
there' s no doubt about it - - mexican candies will come into the u. s. and american candies will go down into mexico .
nevertheless, as her husband was quick to add, tootsie roll had
unique products down there. tutsi has been advertised in a major way ever since it started in mexico in 1968 on televisa, the nation' s largest tv network .
tootsie roll announced first quarter 2010 sales of $ 103. 244 million, compared to $ 94. 054 million in the year - ago quarter, an increase of 10% . first quarter net earnings were $ 9. 985 million, compared to $ 8. 320 million in the year - ago quarter. earnings per share increased 14% from the year ago quarter to $ 0. 14 .
halloween is tootsie roll' s best selling period with third quarter sales nearly double those of any other quarter in the year. in 2009 tr posted strong results in all major trade classes including grocery, mass merchandisers, warehouse clubs, dollar stores and drug chains. especially popular at halloween are tr large bags of child’s play and other mixed candy assortments, which are offered in a variety of merchandising presentations .
after his discharge, mr. gordon became ceo of hampshire designers, a publicly traded women' s apparel company based in new hampshire. in 1950 he married a young vassar college student, ellen rubin, whose father was president of sweets co. of america, a confectioner founded in 1896 that made tootsie rolls and tootsie pops. mr. gordon became a board member two years later .
thank you for being an allergy aware company! people take things like candy for granted. my daughter has not been able to eat chocolate covered dried fruit for 5 years. tootsie recently came out wi
what is the secret to their success? analysts say they did not purchase any companies that did not fit their profile, bought commodities cheaply and spent money inside the company. it seems tootsie roll cherry - picked acquisitions that worked for them. enough so that the company maintains a dividend yield of more than 1% and has $ 67 million in cash, despite an operating profit margin that fell by roughly half in the last decade to 11% .
together, the tootsie brands resonate strongly among every age group, culture, and demographic; for every occasion and event; and during every economic climate, qualifying them as truly enduring, iconic american confections .
the company uses a network of about 30 candy and grocery brokers to distribute its products in north america. tootsie roll' s candy is sold in a wide variety of venues, including supermarkets, warehouse and membership stores, vending machines, dollar stores, drug stores, the us military, charitable organizations, and convenience stores. in the us, it counts some 4, 000 customers. über retailer wal - mart accounted for 24% of the company' s 2015 sales .
as america' s favorite candy company, satisfying america' s sweet tooth requires an extraordinary collective effort. tootsie rises impressively to the challenge, producing millions of pieces of candy every day from its north american plants. applying state - of - the - art production technology and exacting quality control checks, tootsie ensures that every piece of gum, candy, and chocolate that rolls off of its production lines is of the highest, most consistent quality—every time .
i was just eating a tootsie pop and bit into this small, thick, hard plastic substance that was inside the chocolate center. i' m at a loss for what to do, but i want all the mommies and daddies out th
tootsie roll’s products are marketed in a variety of packages designed to be suitable for display and sale in different types of retail outlets. they are distributed through approximately 100 candy and grocery brokers and by the company itself to approximately 15, 000 customers throughout the united states. these customers include wholesale distributors of candy and groceries, supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, warehouse and membership club stores, vending machine operators, the u. s. military and fund - raising charitable organizations .
hirschfeld worked his way up at stern & saalberg co. in 1904, the entry for stern & saalberg in the trow co - partnership and corporation directory of new york city mentions hirschfeld for the first time, naming him as one of three “directors. ” by 1913, hirschfeld is the vice president of stern & saalberg, and seven hundred million pieces of tootsie roll have rolled out the door and into the mouths and bellies of america. seven hundred million pieces of candy, even lowly penny candy, is lots of dollars. hirschfeld and stern & saalberg did very well together.
tootsie roll industries is a manufacturer of confectionery in the united states . its best-known products have been tootsie rolls and tootsie pops . tootsie roll industries currently markets its brands internationally in canada , mexico , and over 75 other countries . 
tootsie roll industries is a manufacturer of confectionery in the united states. its best-known products have been tootsie rolls and tootsie pops. tootsie roll industries currently markets its brands internationally in canada, mexico, and over 75 other countries.
tootsie roll industries is a manufacturer of confectionery in the united states. its best-known products have been tootsie rolls and tootsie pops. tootsie roll industries currently markets its brands internationally in canada, mexico, and over 75 other countries.