The remaining descendants of American Brands are performing well. Fortune Brands Home & Security rose $11.90 per share at inception to $46.59 on July 24, 2015, according to Yahoo Finance. Beam-Suntory reported a 111 percent increase in sales from May 2014 to May 2015, states Louisville Business First.Continue Reading
The American Tobacco Company acquired Jim Beam bourbon in 1967 and renamed itself American Brands in 1969, reports Reuters. Over the course of the next two decades, the American Brands holdings grew to include Titleist, Master Lock, FootJoy and Moen. In the 1990s, American Brands sold its tobacco holdings and renamed itself Fortune Brands.
Fortune Brands announced its intention to split into separate businesses in 2010 and executed the split in 2011. After selling its Acushnet Company golf business in July 2011, Fortune split into Fortune Brands Home & Security and Beam, Inc. in October 2011, according to Fortune Brands. Fortune Brands Home & Security trades on the New York Stock Exchange under ticket symbol FBHS and has quadrupled in price since it was launched in 2011, according to Yahoo Finance. Beam, Inc., was sold to the Japanese company Suntory for $16 billion in January 2014 and rebranded as Beam Suntory, according to Louisville Business First.Learn more about Investing