Schmidt Baking Company

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Schmidt Baking Company is a bakery in Baltimore, Maryland, U.S.A. The company makes Schmidt's Blue Ribbon and Schmidt's Old Tyme Breads and , as a licensee of the Quality Bakers of America Cooperative, bakes and distributes Sunbeam Bread in its territory.

It was founded in Baltimore, Maryland in 1886 by Elizabeth and Peter Schmidt at their house using recipes from their native Germany. The company now has more than 800 employees[citation needed] and makes several varieties of bread, most prominently white bread.

It's 1970s and 1980s advertising jingle was "I like bread and butter, I like toast and jam, I like Schmidt's Blue Ribbon Bread, It's my favorite brand", which was derived from The Newbeats 1964 song, "Bread and Butter".[1]

There was a major fire at an empty building owned by the company on Fitch Lane in Fullerton, Maryland in April 2008.[2]

In 1941, the company was cited by the National Labor Relations Board for failing to engage in collective bargaining with its employees.[3]

The company sponsored the Preakness Stakes pre-race parade in Baltimore for three years.[4]

In 1996, the company was the subject of an IRS lawsuit regarding when vacation pay and severance pay can be considered deferred compensation by a company in its tax returns. The resulting ruling on this case was used in proposed changes to the law.[5][6]

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[edit] References

  1. ^ "The song remains the same", Baltimore Business Journal, Friday, September 4, 1998. Retrieved on 2008-05-17. 
  2. ^ Floor Collaspes in Baltimore County Fire. WBAL TV, MD - 19 Apr 2008
  3. ^ 122 F.2d 162 NATIONAL LABOR RELATIONS BOARD v. SCHMIDT BAKING CO., Inc. No. 4798. Circuit Court of Appeals, Fourth Circuit. June 18, 1941.]
  4. ^ Reed, Keith T.. "Gearing up for the Preakness", Baltimore Business Journal, Friday, February 23, 2001. Retrieved on 2008-05-17. 
  5. ^ Schmidt Baking Co., Inc., 107 T.C. 271 (1996)
  6. ^ Hitt, Greg. "A Baker Beats IRS, but GOP Wants to Roll Back the Clock", Wall Street Journal, May 14, 1998 4:49 p.m.. Retrieved on 2008-05-17. 

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