July 21, 1990 |
American Brands said Friday that its MasterBrand Industries Inc. unit agreed to acquire Moen Group Inc., a maker of kitchen and bathroom faucets, from the buyout firm Forstmann Little & Co. for $975 million in cash. Forstmann Little, a private investment firm that has been involved in a string of deals this year, said it bought Moen's predecessor, Stanadyne Inc., in March, 1988, for $840 million.
December 24, 1988 |
American Brands, a conglomerate that makes everything from Lucky Strike cigarettes to Master Lock hardware, saw its stock price jump on Friday on rumors of a takeover by Unilever, a British-Dutch consumer and food products giant. The rumors surfaced less than a year after American thwarted another takeover bid made by E-II Holdings Inc., a group of food companies. American, based in Old Greenwich, Conn., counterattacked by buying up E-II and later selling off parts of the company.
April 27, 1994 |
With opposition to cigarettes growing while the popularity of smoking drops, American Brands on Tuesday agreed to sell its domestic tobacco subsidiary, which makes Lucky Strike and Carlton cigarettes, to BAT Industries of Britain for $1 billion. The move by the nation's fifth-largest tobacco company to dump its U.S. tobacco holdings follows exploration by the industry's giants--Philip Morris and RJR Nabisco--of deals that would split their cigarette and food divisions into separate companies.
December 22, 1987 |
Thomas W. Wathen has been guarding something most of his life. As a security expert, he has spent his 36-year career protecting people, offices and government facilities. Now comes his biggest assignment: Protecting the reputation of the most famous company in his business--Pinkerton's--and the money he's spending to buy it. Wathen, 58, is the sole owner of CPP Security Service, a Van Nuys-based provider of security guards and a Pinkerton's rival.
March 11, 1985 |
American businessmen are often offended by Japanese complaints that American firms do not try hard enough to sell in Japan--but not executives of American Brands Inc. They plead guilty to the charge and say they intend to change their ways. John T. Ludes, a vice president of the New York-based tobacco and consumer products firm and president of the Asia-Pacific division of American Brands International Corp., recently told a news conference: "To date, we have not aggressively marketed . . .