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Tag "Fortune Brands"

Beam Reaches Major Milestone in Bourbon

    Beam Reaches Major Milestone in Bourbon

Leading global spirits group Beam recently celebrated the filling of its 12 millionth barrel of bourbon since the repeal of Prohibition in the US in 1933. The commemorative white oak barrel bearing the new company logo was filled and sealed at Beam’s flagship distillery in Clermont, where it will be aged until 2015.
 
“After more than […]

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Beam Starts Life as a Pure Play Spirits Company

    Beam Starts Life as a Pure Play Spirits Company

Global spirits business Beam has commenced trading as an independent company on the New York Stock Exchange. Formerly known as Fortune Brands, Beam is the remaining company following the separation of Fortune Brands’ businesses, which was completed on October 3rd.
 
Beam is the world’s fourth largest premium spirits company and the largest US-based spirits company. Its […]

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Fortune Brands Spirits Business to be Renamed Beam

    Fortune Brands Spirits Business to be Renamed Beam

Following the expected spin-off of its home and security business on October 3rd, Fortune Brands remaining spirits operation will be renamed Beam. The spin-off company will operate as Fortune Brands Home & Security.
 
Fortune Brands will receive a cash dividend of $500 million from Fortune Brands Home & Security prior to the spin-off.
 
“The separation of Fortune Brands’ […]

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Spin-offs to Leave Fortune Brands Focused on Spirits

    Spin-offs to Leave Fortune Brands Focused on Spirits

The board of Fortune Brands has decided to spin-off two of the group’s business – Home & Security and Golf – to focus on premium spirits. Fortune Brands Home & Security has annual sales exceeding $3b and is a North American leader in its category. With annual sales of $1.2 b, Acushnet Company is the […]

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