According to the Handbook of Texas, published by the Texas State Historical Association:
The Frito Company was born in 1932 at the height of the Great Depression. The family of Charles Elmer Doolin owned the Highland Park Confectionary in San Antonio, and Doolin, twenty-eight at the time, wanted to add a salty snack to their repertoire. He responded to an ad in the San Antonio Express. The ad, placed by Gustavo Olguin, listed for sale an original recipe for fried corn chips along with an adapted potato ricer and nineteen retail accounts. Doolin bought the small business venture for $100, and began to manufacture the chips in his mother’s kitchen with the help of his father, Charles Bernard Doolin; mother, Daisy Dean Stephenson Doolin; and brother, Earl Doolin. These four founders made up the first board of directors, with Charles Bernard Doolin serving as the first chairman.
The Doolin family began selling Fritos in 1932 under the name of the Frito Corporation, located first in their garage; they soon bought the house next door to expand their operation. In 1933-34, they opened plants in Dallas and Tulsa. By 1947, the company had plants in Los Angeles and Denver, and licensed franchises nationwide, including H. W. Lay and Company, which had an exclusive franchise to produce and sell Fritos in the Southeastern United States. As its business expanded, the Frito Company also produced other items, including Cheetos, chili, bean dip, tortilla chips, and other Mexican-inspired treats, along with potato chips, roasted peanuts, fried pork skins, and other snack-food products. By 1955, the company owned more than fifty production plants, including ones in Hawaii and Venezuela, as well as a number of "Frito farms" across Texas, where Doolin grew corn and other crops for use in his products. The Frito Company was one of the first to invest in Disneyland, and from the park's opening in 1955 had a Casa de Fritos Restaurant there. In 1961, the Frito Company merged with H. W. Lay and Company to become Frito-Lay. In 1965, Frito-Lay merged with the Pepsi-Cola Company to become PepsiCo, one of the world's largest producers of soft drinks and snack foods. According to Smithsonian magazine, C. E. Doolin did not eat meat or salt and was a follower of fellow Texan Herbert M. Shelton, a naturopath who advocated raw foods and fasting as a cure for diseases.
Company mascots
From 1952 to 1967, Frito Kid was the company's official mascot. The Frito Bandito was its mascot from 1967 until about 1971, and was discontinued due to complaints about the Bandito image. He was initially replaced by the Muncha Bunch, a group of cowboys, which then were replaced by W.C. Fritos, modeled after comedian W.C. Fields.
Fritos Racerz, the Fritos material formed into a more crunchy race car shape were sold for a short while before the introduction of Twists. They were marketed by Jeff Gordon.