Company Profile
Updated: 02-NOV-09Fortune Brands Inc.
Public Company, Headquarters Location
520 Lake Cook Rd., Deerfield, IL 60015-5611, United States
(847)484-4400, (847)478-0073 fax, http://www.fortunebrands.com
Primary SIC: Plumbing Fittings And Brass Goods, Primary NAICS: Plumbing Fixture Fitting and Trim Manufacturing
Description: Fortune Brands, Inc. was incorporated in Delaware in 1985 and, until 1986, conducted no business. Prior to 1986, the company's subsidiaries conducted business as American Brands, Inc., a New Jersey corporation organized in 1904 (American New Jersey), and its subsidiaries. American New Jersey was merged into The American Tobacco Company (ATCO) on December 31, 1985, and the shares of the principal first-tier subsidiaries formerly held by American New Jersey were transferred to the company. On May 30, 1997, the company's name was changed from American Brands, Inc. to Fortune Brands, Inc. (Fortune Brands). Fortune Brands, Inc. is a holding company with operating companies engaged in the manufacture, production and sale of distilled spirits, home and hardware products and golf products. Headquartered in Deerfield, Illinois, the company owns or leases 76 manufacturing plants, 57 distribution centers, 44 warehouses and 10 other properties. 2008 acquisitions include Cruzan rum business from Pernod Ricard S.A. (Pernod Ricard) for $103.2 million in cash (September 2008); 10% minority interest in the Spirits business from Vin & Sprit Group (V&S) for $455.0 million (July 2008); and the redemption of the 49% interest in the company's Spirits business' U.S. distribution joint venture held by V&S (September 2008). More
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Manufacturing: Faucets and kitchen cabinets, hardware including padlocks and tool storage, office supplies including paper clips, punches, shredders and fasteners, sporting goods including golf balls and shoes and distilled spirits. Finance: Holding company.
Recent News Articles
- Fortune's conglomerate cocktail goes sour; Recession puts theory behind golf, booze and home mix to the test.(NEWS)(Fortune Brands Inc.)
Crain's Chicago Business - September 21, 2009 - Fortune Brands, Inc. - Financial and Strategic Analysis Review.
M2 Presswire - March 28, 2009 - Zacks Sell List Highlights: Fortune Brands, Inc., Potlatch Corp., Hasbro, Inc. and Techne Corp.
Business Wire - February 25, 2009 - Fortune's Absolut hangover; Investors toasted CEO for not overpaying; now they want to see Plan B.(News)(Fortune Brands Inc.)
Crain's Chicago Business - May 19, 2008
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