Osco Drug is a chain merged with Jewel Tea and owned by Albertson's. Osco was founded in 1915 by S.M. Skaggs in American Falls, Idaho as a cash and carry store. His son L.L. Skaggs founded the Pay-Less chain in 1937 in Rochester, Minnesota. In 1942, these chains merged with others and formed the Owners Service Company, shortened to Osco.