(by Shanken News Daily) Former Fortune Brands division Beam Inc. began trading as an independent company on the New York Stock Exchange October 4, 2011, completing its transformation into a stand-alone global spirits entity. Fortune Brands announced last April that it would operate as Beam Inc., following a decision to sell off its home and security and golf units to focus solely on spirits. Beam Inc. is the world’s fifth-largest spirits marketer, with a global volume of 33.5 million cases and annual sales of around $2.7 billion in 2010.
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