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A good business for the long term

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According to Minyanville.com, Baker’s Chocolate is the second oldest publicly traded companies in the U.S. Established in 1765, Baker’s is still around today, although it is part of the Kraft Food conglomerate.

And as if to prove the maxim about times of crisis creating opportunity, according to the article the British tea tax that sparked the 1773 Boston Tea Party gave the fledgling business a boost since it caused many Americans of the time to switch to drinking hot chocolate made from Baker’s chocolate instead of tea.

Visit Baker’s history section for more interesting info about the oldest chocolate company in the U.S., such as the fact that German Chocolate Cake was created by a woman in Dallas, TX in 1957 using Baker’s German’s Sweet Chocolate. Which, when you think about it,  makes more sense than a cake with coconut in the icing coming from Germany.

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Date posted: September 23, 2011. This entry was posted in American chocolate, Chocolate around the World, History, News, Outside the Bay Area and tagged , , . Bookmark the permalink.

 

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