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Fortune Brands
Type Public (NYSEFO)
Predecessor American Brands
Founded 1969
Headquarters United States Deerfield, IL, USA
Area served Worldwide
Key people Bruce A. Carbonari
(Chairman of the Board) & (CEO)
Industry Conglomerate
Products Moen
Master Lock
Jim Beam
DeKuyper
Knob Creek
Vox vodka
El Tesoro tequila
Titleist
FootJoy
Revenue $ 7.608 billion (2008)
Operating income $ 328.80 million (2008)
Net income $ 311.10 million (2008)
Total assets $ 12.091 billion (2008)
Total equity $ 4.686 billion (2008)
Employees 27,100 (June 2009)
Divisions List of Divisions
Website FortuneBrands.com

Fortune Brands, NYSEFO is a holding company founded in 1969 as American Brands and later re-named in 1997. The corporate headquarters are in Deerfield, Illinois in the United States.

Contents

History

The American Tobacco Company was founded in 1890, and in 1969 American Brands became its parent company.

Former divisions

ACCO

In 1987 American Brands acquired ACCO, a holding company which owned several office supply subsidiaries, which included the Swingline brand. 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.

Present divisions

Golf Division

The Acushnet Company (purchased in 1976) is now Fortune Brands' golf division, producing golf balls, shoes, and clubs.

Fortune sold off the Acushnet Company's Acushnet Rubber division in 1985, which was Acushnet's original business (circa early 1900s).

The Golf Division is made up of the following companies:

Home and hardware

Included in this division are the following, which have annual sales of over $4 billion:

  • Waterloo Industries
  • Masterbrand Cabinets
    • Aristokraft Cabinets
    • Cabinets by Diamond
    • Omega Cabinetry
    • Home Crest Cabinets
    • Schrock Cabinetry
    • Kitchen Craft Cabinetry
    • Decora
    • Capital Cabinets
  • Moen
  • Fypon
  • Therma-Tru Doors
  • Simonton Windows
  • Master Lock
  • American Lock
  • Hy-Lite Products, Inc.
  • Vista Windows

Spirits

Fortune Brands maintains a stable of well known spirits brands, led by Jim Beam. In July 2005, Fortune Brands and French spirits company Pernod Ricard acquired over 25 additional spirits and wine brands from British holding company Allied Domecq.

In November 2007, Constellation Brands announced a purchase of Fortune Brands' wine operations for $885 million USD, a transaction that added 1,500 acres (6.1 km2) of vineyards, several major brands such as Clos du Bois, and 2.6 million cases per year of "super-premium" class wine production.

Spirits

  • Brandies: Fundador, Terry Centenario, Jacobi 1880, Tres Cepas
  • Pre-Mixed Cocktails: Jim Beam & Cola, Jim Beam Black & Cola, Jim Beam Choice & Dry

References








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