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The Racine Camp Furniture & Novelty Manufacturing Co. was founded in 1890, to manufacture furniture for camping such as tents, folding chairs, and sleeping bags. Supposedly, after the company's furniture won a gold medal at the 1893 World's Fair exhibition in Chicago, the name was changed to the Gold Medal Camp Furniture Company. [3]
Postcard image of the Gold Medal Flour factory in Minneapolis c. 1900 Shares of the new company's stock were first sold on the New York Stock Exchange on November 30, 1928, at $65 per share. The newly merged company paid a dividend in 1928 and has continued the dividend uninterrupted ever since – one of only a few companies to pay a dividend ...
The company was created to supply food and other products to grocery stores in the area. In 1953, the company moved to its present location in Sulphur Springs, Texas . By 1991, the company had grown substantially and was even listed on Forbes list of top 500 private companies.
In the 1950s and 1960s, C.F. Sauer Co. introduced Gold Medal spices and purchased Dean Foods (a margarine company). In recent decades, the company also purchased BAMA brand mayonnaise and Spice Hunter brand exotic spices. It was the first spice company to use plastic containers. [2]
In the 1950s, the company became the second-largest employer in the city. [1] By the 1960s, the number of employees in the company's workforce rose to approximately 3,500 and the quality of their products became significantly distinguishable and recognizable by winning gold medals in the 1960 and 1961 California state fairs. [1]
During 1882, Thury built a six pole dynamo to this design that yielded a much more compact dynamo than those of Edison. At the 1884 Turin exhibition it won the gold medal. Over the period 1883 to 1926 his ideas resulted in 19 additional patents. [1] In 1882, Thury's 6 pole dynamos were more compact than Edison's.
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