American Tobacco Company 364614 225547039 2008-07-14T06:55:05Z Specious 7376831 /* More recent history */ +image of lucky strike towers The '''American Tobacco Company''' was founded in 1890 by [[James Buchanan Duke|J. B. Duke]] as a merger between a number of tobacco manufacturers including [[Allen and Ginter]] and [[Goodwin & Company]]. The company was one of the original 12 members of the [[Dow Jones Industrial Average]] in 1896. Akin to the domination of [[Standard Oil]] in the same era, the American Tobacco Company dominated the industry by acquiring the ''Lucky Strike Company'' and over 200 other rival firms. The company built processing plants and warehouses in [[Reidsville, North Carolina]] and [[Durham, North Carolina|Durham]]. [[Antitrust]] action begun in 1907 against the American Tobacco Company, which broke the company into several major companies in 1911. Those companies include: *American Tobacco Company *[[R. J. Reynolds Tobacco Company|R. J. Reynolds]] *[[Liggett Group|Liggett & Myers Tobacco Company]] *[[Lorillard]] The American Tobacco Company, which started acquiring a wide range of non-tobacco products during the 1970s and 1980s, renamed itself to American Brands in 1986<ref>[http://query.nytimes.com/gst/fullpage.html?res=9B0DE5DD1631F932A25756C0A961948260 BUSINESS PEOPLE; American Brands Losing Its President - New York Times<!-- Bot generated title -->]</ref>, which has since renamed [[Fortune Brands]]. American Tobacco became a subsidiary of American Brands for the next ten years until the company shed its tobacco brands to competitors. == More recent history == [[Image:2008-07-12 Lucky Strike towers.jpg|thumb|right|Lucky Strike relics marking the American Tobacco Historic District.]] The company's share in [[British American Tobacco]] (BAT) was sold at the same time. In 1994 BAT acquired its former parent, American Tobacco Company (though reorganized after anti-trust proceedings). This brought the [[Lucky Strike]] and [[Pall Mall (cigarette)|Pall Mall]] brands into BAT's portfolio as part of BAT's American arm, The [[Brown & Williamson|Brown & Williamson Tobacco Company]]. B&W later merged with [[R. J. Reynolds Tobacco Company]] in 2004. American Tobacco left Reidsville and Durham in the late 1980s. == Redevelopment == In 2004, the previously abandoned American Tobacco Campus (ATC) in Durham was reopened as a complex of offices, shops, and restaurants. Developed by [[Capitol Broadcasting]] and reopened as the [http://www.AmericanTobaccoHistoricDistrict.com American Tobacco Historic District]; Phase 1 consisted of the Fowler, Crowe, Strickland, Reed, and Washington Buildings, and included the construction of two new parking garages and a water feature through the center of the campus developed and constructed by W.P.Law Inc. based in Lexington, South Carolina. Phase 2, consisting of the remaining buildings at the north end of the site, is under construction as of late 2006. Many office spaces in the ATC are now used by [[Duke University]]. The [[American Tobacco Trail]], named for the company, is a multi-use [[rail-trail]] that begins just south of the Durham complex and runs {{convert|22|mi|km}} towards Chatham and Wake counties. It follows the route of a railroad that once served the factories, but was later abandoned when these facilities shut down. == Advertising == In the golden age of radio, as well as early television, American was known for advertisements featuring a fast-talking tobacco auctioneer named L.A. "Speed" Riggs. His rapid-fire and song-like patter would always end with the exclamation, "SOLD, American!" == References == <references/> == Further reading == *[[Robert Sobel]] ''The Entrepreneurs: Explorations Within the American Business Tradition'' (Weybright & Talley 1974), chapter 5, James Buchanan Duke: Opportunism Is the Spur ISBN 0-679-40064-8 * [http://www.AmericanTobacco.net Green vs. American Tobacco], The first case in U.S. history to find a Tobacco company responsible for the death of an individual. [[Category:Tobacco companies of the United States]] [[Category:Duke family]] [[Category:Defunct companies of the United States]] [[Category:Former components of the DJIA]] [[id:American Tobacco Company]] [[zh:美国烟草公司]]