Rold Gold refers to first a company and then a remaining brand of pretzels, now owned by Frito-Lay. The company, originally named the American Cone and Pretzel Company, was founded in 1917 by prominent Philadelphia businessman L.J. Schumaker. Run for its first half century as a family business, Rold Gold expanded its operations to St. Louis, Missouri and El Segundo, California, and established a reputation for producing pretzels. From 1921 until 1955, the company also owned the Continental Packing Company, a pimento canning plant located near Macon, Georgia, but sold that part of the business in 1955, in response to increasing competition from overseas canners. The Schumaker family sold Rold Gold to Red Dot Foods Inc. of Madison, Wisconsin in 1960, but the deal fell through when Red Dot went bankrupt and its principal owner committed suicide. Frito-Lay then purchased Rold Gold in 1961, and has owned the pretzel company ever since.
Contributions by SmackBot, Whitebox, and Smackdown10.