American Tobacco

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The American Tobacco Company was one of the world's largest manufacturers of tobacco products .

The company was founded in 1890 by James Buchanan Duke through the merger of several American tobacco manufacturers, including Allen and Ginter and Goodwin & Company. At the foundation of the stock index Dow Jones Industrial Average in 1896 American Tobacco was one of 12 members. By taking over over 200 competitors, including the Lucky Strike Company, the group gained a dominant position. This finally led to the opening of proceedings based on the Sherman Antitrust Act in 1907 , which resulted in the separation of the group in 1911. In the course of this, the share in the joint venture British American Tobacco was sold and the subsidiaries Liggett & Myers Tobacco Company and Lorillard, among others, were spun off. Due to the increasing expansion of activities outside of tobacco processing, the American Brands holding was founded in 1986 , which in 1997 was renamed Fortune Brands . This sold its nucleus American Tobacco in 1994 to the former subsidiary British American Tobacco (BAT).