In January 2014, Suntory announced a deal to buy Beam Inc. On April 23, 2012, Beam announced it would acquire the Pinnacle vodka and Calico Jack rum brands for $600 million. agreed to buy the only independent Irish whiskey distiller that existed at the time, the Cooley Distillery, for $95 million. on October 3, 2011, from the remainder of the Fortune Brands holding company after it sold and divested various other product lines to form a business focused exclusively on spirits and directly related products. Īs a distinct entity, the company was established as Beam Inc. Three years later, it was purchased by Suntory Holdings. It was split from Fortune Brands to become an independent publicly traded company, Beam Inc., in 2011. In 2006, the company was renamed Beam Global Spirits & Wine, Inc. Fortune Brands also acquired 20 brands from Allied Domecq in 2005, worth $5 billion, which turned Fortune Brands into one of the largest producers of whiskey in the international market. by the time Fortune Brands purchased it in 2005. It was known as Jim Beam Brands Worldwide, Inc. Beam Distilling Company purchased National Distillers and renamed itself the Jim Beam Brands Company. Ten years later, the Chicago spirits merchant Harry Blum bought the company, and in 1968 sold it to American Brands, Inc. By 1935, his family's business was formally established as the James B. James Beam began selling barrels of whiskey in 1795.
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