Tootsie Roll was founded by Leo Hirschfield in New York, New York, in 1886. He started off with a small candy shop, but realized that chocolate candy melted in hot weather and could not be sold. Hirschfield began to work on a candy that would taste like chocolate, but would not melt. The candy is named after his daughter’s nickname; Tootsie.
Today, Tootsie Roll is one of the largest candy companies in America, with more than $528 million in revenue in 2011. Tootsie Rolls, Tootsie Pops, and other types of Tootsie Roll candies are sold in more than 75 countries. The company is publicly traded on the New York Stock Exchange under the ticker symbol: TR
The company has acquired several other candy makers over the years, including Andes Candies, Concord Confections, and The Charms Company.