American Brands, a holding company, was founded in the year 1969, and was later re-named as Fortune Brands in the year 1997. The company has its corporate headquarters in Deerfield, Illinois in the United States. It is a sharply shareholder focused holding company, and is the leading producer and distributor of distilled spirits, and golf equipment in the United States. Having its largest segment in the home products and hardware, Fortune Brands also makes diverse range of well established consumer products, which include Moen faucets, MasterBrand cabinets, Master Lock padlocks, and Therma-Tru doors. The organization spun off their office products company, ACCO World Corporation, in 2005, which was dealing with Day-Timers, Swingline, and Kensington. Later that year, the company acquired quite a few of the well known brand from Pernod Ricard, following the comany's acquisition of Allied Domecq. These brands include, Canadian Club, Clos du Bois, Courvoisier, Harvey's Bristol Cream, Laphroaig, Maker's Mark, Cockburn's Port and Sauza. The enactment of Sarbanes-Oxley Act of 2002 had made Fortune Brands to evaluate, refine, and update its corporate governing policies. This act was introduced in response to a number of major corporate and accounting scandals, which effected organizations like, Enron, Tyco International, Peregrine Systems and WorldCom (recently MCI and now currently part of Verizon Business).
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