Fortune Brands
Fortune Brands is a United States company . The company is listed in the S&P 500 . The company is headquartered in Deerfield , Illinois . Fortune Brands employs around 34,000 people (as of 2005).
history
The company was founded in 1969 under the name American Brands . A subsidiary was the American Tobacco Company , whose beginnings go back to 1890.
In 1987 the company acquired ACCO , a holding company with various divisions, in particular with the Swingline brand .
In 1997 American Brands was renamed Fortune Brands.
In 2005 Fortune Brands sold the ACCO division, which merged with General Binding Corporation to form ACCO Brands and is now called ACCO again .
In late 2007, the wine division was sold to Constellation Brands for $ 885 million .
Divisions
Acushnet
With the acquisition of the Acushnet Company in 1976, Fortune Brands manufactures Titleist golf balls , FootJoy shoes and golf apparel.
Home and hardware
Fortune Brands owns the brands Masterbrand Cabinets, Moen, Therma-Tru and Master Lock, u. a.
Wines and spirits
Fortune Brands operates well-known brands such as Jim Beam , Knob Creek and El Tesoro in this division.
In 2005 Fortune Brands acquired the Canadian Club, Clos du Bois, Courvoisier, Harvey's Bristol Cream, Ardmore , Laphroaig , Maker's Mark and Sauza brands from Pernod Ricard .
Individual evidence
- ↑ Sam Zuckerman: Constellation Brands buys several California premium wine labels , San Francisco Chronicle. November 13, 2007.