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|Founded||1920Cricklewood, England [note 1]in|
|Products||Snack foods, potato chips|
The Smith's Snackfood Company is an Australian-based snack food company owned by American multinational corporation PepsiCo. It is best known for its brand of potato chips. The company was founded by Frank Smith and Jim Viney in the United Kingdom in 1920, originally packaging a twist of salt with its crisps in greaseproof paper bags which were sold around London. After establishing the product in the UK, Smith set up the company in Australia in 1932. PepsiCo acquired a controlling stake in 1998. Smith's Snackvend Stand is the branch of the company that operates vending machines.
Smith's Potato Crisps Ltd. was formed by Frank Smith and Jim Viney in the United Kingdom after World War I. The firm started in Cricklewood, London, reputedly in Smith's garage. In 1927, after buying Jim Viney's share of the business, the company expanded into a factory in Brentford, London, which was enlarged in 1930. During the depression, Smith travelled to Australia to expand the business. The company nearly went under during this time and had to be propped back up by a small number of visitors and investors. The company bounced back and expanded its brands, aided with the help of advancing technology.
Smiths was later owned by biscuit company Nabisco, BSN and finally sold to American company PepsiCo in the 1990s. Subsequently, Pepsico withdrew the brand, in favour of popular British brand Walkers, which had been heavily marketed in a campaign using ex-footballer turned television presenter Gary Lineker. Many of the products previously owned by Smith's became labelled as Walkers, although there are still several Smith's branded crisps sold by Walkers.
Current Smiths brands include Smiths Crisps, Frazzles, Chipsticks, Snaps and Savoury Selection (Bacon Fries and Scampi Fries).
After establishing the product and name in the UK, Frank Smith moved to set up a subsidiary in Australia. Smith's Crisps were first manufactured in Australia in 1931 with an associate, George Ensor, in leased premises in Sydney's Surry Hills. They were originally made in 20 gas fired cooking pots, then packed by hand and distributed by Nestle confectionery vans.
Smith's Potato Crisps sold its early crisps in three penny packets, 24 to a tin. "Twist of salt" sachets were included before pre-salting had been introduced. In March 1932, Smith's Potato Crisps Ltd. went into voluntary liquidation as a result of the Great Depression. However, three months later, George Ensor tendered for the business put up for sale by the liquidators, and on 13 May 1932, Smith's Potato Crisps (Australia) was formed with the UK Smith's Company holding a majority interest over minor shareholders. Growth after World War II was rapid, so a continuous cooker process was introduced to replace the individual cooking pots and in 1960 the production of a one shilling pack for cinemas and a box pack for four shillings was initiated.
In 1961, Smith's introduced its first flavoured chip - chicken. It was a very popular flavour, influencing most competitors at the time to adopt a Chicken variation. Other flavours released were Original (Pre-Salted) and Salt & Vinegar. Later, in the 1970s, Barbecue was added as a flavour for Smiths crinkle cut chips, and in the 1980s Cheese & Onion was added. These five flavours - Original Salted (blue packet), Salt & Vinegar (magenta packet), Chicken (green packet), Barbecue (orange packet) and Cheese & Onion (yellow packet) have remained the mainstay flavours of the brand since the 1980s. Many other 'limited ion' variants have also been tried over the years. During the late 1980s, the company introduced the famous advertising mascot Gobbledok, a chip obsessed alien character similar to the popular characters E.T. and ALF. 
Seven years later,[when?] the brand's holding company Associated Products and Distribution Pty Ltd (APD) partnered with PepsiCo, which had built up a significant snack food company that sold chips and nuts and bought a 41.5% share of Smith's Potato Crisps (Australia)'s parent company. Over the next 20 years, other takeovers and new products (including Twisties and Burger Rings brands) drove growth. PepsiCo took over the company in 1998. In 1990, the APD name was replaced by CCA Snackfoods.
In 1998, the Smiths Snackfood company was Australia's largest producer of salty snack foods. It was acquired in August of that year, by Frito-Lay the second largest producer of salt snack foods in Australia, which is owned by PepsiCo. To prevent the Australian Competition & Consumer Commission from intervening for unfair trading practices Frito-Lay divested a range of brands, manufacturing facilities, including plants in Western Australia, South Australia, New South Wales and Victoria. The package was named Snack Brands Australia and was sold to Dollar Sweets Holdings. In that package included the brands sold were CC's, Cheezels, Thins and Samboy.
Despite Australians using the term "chips" for crisps, Smith's called their product crisps until as late as 2003. They are now labelled as Smith's Chips. As of 2010–2011, portions contained in "large" bags of Smith's Snackfood products have diminished, down from 200g to 175g (approximately equal to the previous 1975 large size of 6½oz).