Procter & Gamble Ditches Pringles -- Seven Other Foods They've Abandoned
larryfire.wordpress.com And go they shall...to Diamond Foods.
An era ended this week when Procter & Gamble sold Pringles to Diamond Foods for $2.35 billion. For the first time since the mid-1860s when they got big on making lard, P&G is out of the food game.
As they pass from the kitchen and into the bathroom, where they're focusing their resources on health and beauty products, let's look back on the foods that help make Procter & Gamble the mega-corporation that once had the whole country thinking they were Satan worshipers.
Crisco Shortening, 1911 - 2002
One hundred years ago, P&G moved beyond the lard that established their company and created the first vegetable shortening as a cheaper alternative to animal fat and butter. How did they work this magic? Hydrogenation! The process that allows fats to remain solid and would send Americans into a heart disease panic around the same time P&G sold Crisco to Smucker's in 2002.
Golden Fluffo Shortening, 1955 - ?
It's shortening, but it's yellow! Yellow like butter, but without the strong, harsh, buttery flavor! It's the shortening of the future! Even newsman Mike Wallace - yeah, that guy's still alive - said it was awesome! But somewhere down the line, it fell out of favor, disappearing from the grocery landscape without so much as a greasy yellow trail.
Duncan Hines, 1956 - 2002
What about people who don't care about making foods that involve shortening, yellow or otherwise? Not everyone has the time or skill to construct epic cakes, even if it is the fifties. So P&G bought Duncan Hines in 1957, a year after ol' Duncan sold his name to Nebraska Consolodated Mills for their new line of cake mixes. In 1997 P&G ditched Duncan Hines to Aurora Foods, which has since become Pinnacle Foods.
Big Top Peanut Butter, 1955 - 1958
When P&G bought W.T. Young Foods, they also got Big Top Peanut Butter. It was like other peanut butter, but with character actor Eddie Bracken, bad scenery, and handsome glassware. It soon morphed into Jif, which was sold to Smucker's. Because choosy moms don't let their kids hang out with Eddie Bracken.