Tootsie Roll Industries Inc, often abbreviated as TR, is a manufacturer and distributor of the world's most popular confectionery brands. With over a century of experience in the candy-making industry, the company has become one of the largest and most recognized candy enterprises in the world.
Founded in 1896 by Austrian immigrant Leo Hirshfield, Tootsie Roll Industries started with the production of a small, chewy, chocolate candy that Hirshfield named after his daughter's nickname - Tootsie. Since then, Tootsie Roll has expanded its operations to include a wide range of sweet treats, such as Tootsie Pops, Charms, Blow Pops, Dots, Andes Mints, Junior Mints, and many more.
Headquartered in Chicago, Illinois, Tootsie Roll Industries oversees global operations that distribute its products to over 75 countries. Despite having a vast international presence, the company remains faithful to its roots, ensuring that every piece of Tootsie candy is made from the original recipe.
In 2020, Tootsie Roll Industries boasted annual revenues of more than $500 million, reinforcing its position as a significant player in the global confectionery market. However, the company doesn't merely focus on the profits. It also devotes substantial resources to sustainability and responsible sourcing, working continually to limit its environmental impact.
Another notable trait of Tootsie Roll Industries is its governance. Since 1962, the company has been led by husband and wife duo Melvin and Ellen Gordon. Following Melvin's passing in 2015, Ellen took over as Chair and CEO, making her one of the oldest top executives in the S&P 500 at that time, and certainly one of the most dedicated.
From its humble beginnings in a small New York candy shop to a massive global candy empire, Tootsie Roll Industries remains a symbol of American entrepreneurship and innovation. The Tootsie name itself has grown into an iconic American brand over time, representing sweet, nostalgic memories for many. Above all, Tootsie Roll Industries shows no signs of slowing down and continues to enhance its rich legacy with delicious, top-quality candies.