[4] The business remained in the food industry until 2005 when it declared bankruptcy,[2] with the brand being acquired by Snyder's-Lance, Inc.[5] In 1925, Tom Huston founded "Tom's Roasted Peanuts",[6] and began selling his peanuts for a nickel a bag.

Within two years, Tom's peanuts were being sold around the country, generating US$4 million in sales.

In the 1970s, General Mills attempted to launch Tom's chips into national supermarkets and branched off a new vending office snack service.

[7] Under this new ownership, they opened new chip plants in Columbus, Georgia[8] and Tennessee expanding their network of independent distributors.

Tom's Snacks is the first mainstream snack company to feature wrestlers on the packaging of their potato chip bags, including TNA stars Kurt Angle, Rob Van Dam, Mr. Anderson, Velvet Sky, "The Pope" D'angelo Dinero, and A.J.