Fortune Brands was a

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

founded in 1969 as American Brands, renamed in 1997 and split apart in 2011. The corporate headquarters was in

Deerfield, Illinois Deerfield is a north shore suburb of Chicago in Lake County, Illinois, United States, with a small portion extending into Cook County, Illinois. The population was 19,196 at the 2020 census. Deerfield is home to the headquarters of Walgreens B ...

, in the United States. The company had diversified product lines. It announced on December 8, 2010, that it would focus on its liquor business, and spin off or sell other parts of the company including home furnishings, hardware and golf products.Fortune Brands Announces Intent to Separate Company's Three Businesses
, ''The Wall Street Journal'', December 8, 2010. The company sold its Titleist and FootJoy product lines to FILA Korea. On October 3, 2011, it split the remainder of its business into two publicly traded companies: Fortune Brands Home & Security () and

Beam Inc. Beam Suntory, Inc. is an American-founded, Japanese multinational company that produces alcoholic beverages. It is a subsidiary of Suntory, based in Osaka, Japan. It is the third largest producer of distilled beverages worldwide, behind Diageo ...

(). On January 13, 2014,

Suntory (commonly referred to as simply Suntory) is a Japanese multinational brewing and distilling company group. Established in 1899, it is one of the oldest companies in the distribution of alcoholic beverages in Japan, and makes Japanese whisky. I ...

(headquartered in Osaka, Japan) announced it would buy Beam Inc. for about $13.6 billion. The acquisition was completed on April 30, 2014, for about $16 billion and Beam became a subsidiary of Suntory named Beam Suntory.

History

The

American Tobacco Company The American Tobacco Company was a tobacco company founded in 1890 by J. B. Duke through a merger between a number of U.S. tobacco manufacturers including Allen and Ginter and Goodwin & Company. The company was one of the original 12 members ...

was founded in 1890. In the late 1960s, with health concerns seen as posing an increasing threat to the tobacco business, management decided to diversify into other fields and changed the corporate name to American Brands, Inc.

Brown & Williamson Brown & Williamson Tobacco Corporation was a U.S. tobacco company and a subsidiary of multinational British American Tobacco that produced several popular cigarette brands. It became infamous as the focus of investigations for chemically enha ...

acquired the tobacco division in 1994.

Former divisions

Tobacco

was the original division of American Brands. American Tobacco was sold to British American Tobacco in 1994.

Insurance

American Brands acquired Franklin Life Insurance in 1979. It sold the company to American General in 1994.

ACCO

In 1987 American Brands acquired ACCO, a holding company which owned several office supply subsidiaries. Stapler manufacturer Swingline, Inc., which American Brands had acquired in 1970, was combined with ACCO. In 2005, the company spun off ACCO to shareholders, and immediately thereafter ACCO merged with General Binding Corporation. This merged company is now known as ACCO Brands.

Golf

The

Acushnet Company The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories. The principal brands operated by Acushnet are Titleist, best known for ba ...

, purchased in 1976, became American Brands'

golf Golf is a club-and-ball sport in which players use various clubs to hit balls into a series of holes on a course in as few strokes as possible. Golf, unlike most ball games, cannot and does not use a standardized playing area, and coping wi ...

division. It produced golf balls, shoes, and clubs under the Pinnacle Golf, Titleist, FootJoy and Cobra Golf trademarks. The Acushnet Rubber division, which was Acushnet's original business, was sold off in 1985. Cobra Golf was sold to Puma AG in March 2010, and the other golf brands were sold to

Fila Fila Holdings Corp. is a sportswear brand of shoes and apparel. The company was founded by Ettore and Giansevero Fila in 1911 in Coggiola, near Biella, Piedmont, Italy. In 2003, it was sold to United States-based Sports Brand International. ...

in 2011.

Home and hardware

The home and hardware division reached annual sales of over $4 billion, from Waterloo Industries, Masterbrand Cabinets (and its subsidiaries), Moen faucets, Fypon, Therma-Tru doors, Simonton windows, Master Lock, American Lock, and Vista Window Company, Western Division. Many of these operations passed to Fortune Brands Home & Security when the company was split.

Spirits

Fortune Brands had a stable of well known spirits brands, led by Jim Beam, which it had purchased in 1968. In July 2005, Fortune Brands and French spirits company

Pernod Ricard Pernod Ricard () is a French company best known for its anise-flavoured pastis apéritifs Pernod Anise and Ricard Pastis (often referred to simply as ''Pernod'' or '' Ricard''). The world’s second-largest wine and spirits seller, it also pro ...

acquired over 25 additional spirits and wine brands from British holding company

Allied Domecq Allied Domecq PLC was an international company, headquartered in Bristol, United Kingdom, that operated spirits, wine, and quick service restaurant businesses. It was once a FTSE 100 Index constituent but has been acquired by Pernod Ricard. The ...

. In November 2007, Constellation Brands announced a purchase of Fortune Brands' wine operations for $885 million USD, a transaction that added of vineyards, several major brands such as Clos du Bois, and 2.6 million cases per year of "super-premium" class wine production. After the other product lines were sold and spun off, the remaining spirits business became

References

{{DEFAULTSORT:Fortune Brands (1969-2011) Conglomerate companies of the United States Holding companies of the United States Distilleries in Illinois Defunct companies based in Illinois American companies established in 1969 Conglomerate companies established in 1969 American companies disestablished in 2011 Holding companies disestablished in 2011 1969 establishments in Illinois 2011 disestablishments in Illinois