Who is the founder of Reynolds Tobacco Company?
The company was founded by R.S. Reynolds, a former law student and nephew of R.J. Reynolds, one of the first U.S. tobacco barons.
Who owns RJR Tobacco Company?
The R. J. Reynolds Tobacco Company ( RJR ), based in Winston-Salem, North Carolina and founded by R. J. Reynolds in 1875, is the second-largest tobacco company in the U.S. (behind Altria ). RJR is a wholly owned subsidiary of Reynolds American Inc., which, in turn, is owned by British American Tobacco of the United Kingdom .
Is RJR Nabisco still owned by RJ Reynolds?
On June 15, 1999, the former parent company, RJR Nabisco, Inc., was renamed R.J. Reynolds Tobacco Holdings, Inc., and became an independent, publicly traded company again, with R.J. Reynolds Tobacco Company as its wholly owned subsidiary.
What happened to RJ Reynolds Tobacco?
On July 30, 2004, R.J. Reynolds merged with the U.S. operations of British American Tobacco (operating under the name of Brown & Williamson ). A new parent holding company, Reynolds American Inc., was established as part of the transaction. Former R.J. Reynolds Tobacco factory in Downtown Winston-Salem, NC, pictured in 2014.
See more
What is Reynolds Tobacco Company worth?
$49.4 billionIn January 2017, Reynolds American agreed to be purchased by British American Tobacco for $49.4 billion.
What happened to Reynolds Tobacco Company?
R.J. Reynolds Industries merged with Nabisco Brands in 1985, and the name changed to RJR Nabisco in August 1986.
What is RJ Reynolds Tobacco company stock?
Stock Quote (U.S.: Nasdaq) | MarketWatch....$ 27.20.CloseChgChg %$27.200.150.55%
Who owns RJ Reynolds tobacco?
Reynolds AmericanR.J. Reynolds Tobacco H...R. J. Reynolds Tobacco Company/Parent organizations
How much did bat pay for Reynolds?
Completion of the acquisition Reynolds shareholders will receive for each Reynolds share $29.44 in cash, without interest, and 0.5260 BAT ordinary shares which shall be represented by BAT American Depositary Shares ("BAT ADSs").
What's the oldest cigarette brand?
P. Lorillard CompanyLorillard, original name P. Lorillard Company, oldest tobacco manufacturer in the United States, dating to 1760, when a French immigrant, Pierre Lorillard, opened a “manufactory” in New York City.
When did bat buy Reynolds?
2004BAT left the United States in 2004 when it merged its subsidiary Brown & Williamson with R.J. Reynolds to form Reynolds American in 2004. A decade later, the U.S. group agreed to buy Lorillard in a $27.4 billion deal that added the Newport brand to its stable.
Does RJ Reynolds pay a dividend?
Reynolds Consumer Products (NASDAQ:REYN) pays quarterly dividends to shareholders.
What is the best tobacco stock?
Market Tobacco StocksSymbolLast Price% ChangeRLX2.391.27%MO43.40.48%BTI44.270.43%XXII2.490.4%1 more row•May 16, 2022
Who is the largest Tobacco Company in the United States?
Altria Group, Inc. is a leading American tobacco companies and one of the world's largest producers and marketers of tobacco, cigarettes and related products.
What is the largest Tobacco Company in the US?
Philip MorrisLargest tobacco and cigarette companies by market cap#Name1d1Philip Morris 1PM0.67%2British American Tobacco 2BTI0.30%3Altria Group 3MO0.48%4ITC 4ITC.NS0.70%12 more rows
What's the largest Tobacco Company in the world?
Philip Morris InternationalPhilip Morris International (PMI) is the largest tobacco company in the world (excluding the Chinese National Tobacco Corporation).
When did Reynolds merge with British American tobacco?
On July 30, 2004, R.J. Reynolds merged with the U.S. operations of British American Tobacco (operating under the name of Brown & Williamson ). A new parent holding company, Reynolds American Inc., was established as part of the transaction.
What companies did Reynolds Co. do business with?
Reynolds Co.'s success during this period can also be measured by the concurrent success of many Winston-Salem companies that received large amounts of business from Reynolds: Wachovia National Bank became one of the largest banks in the Southeast, and the company's law firm Womble Carlyle Sandridge & Rice became the largest law firm in North Carolina.
When did RJR buy Nabisco?
In 1999 RJR Nabisco spun off R.J. Reynolds Tobacco, which began trading on June 15 as R.J. Reynolds Tobacco Holdings, Inc., and a year later announced it would buy Nabisco Group Holdings Inc., the company that had been RJR Nabisco. This followed the sale of Nabisco Holdings Group to Philip Morris.
What was the most popular cigarette in the United States in the 1900s?
1907's Prince Albert smoking tobacco became the company's national showcase product, which led to high-profile advertising in New York City 's Union Square. The Camel cigarette became the most popular cigarette in the country. The Reynolds company imported so much French cigarette paper and Turkish tobacco for Camel cigarettes that Winston-Salem was designated by the United States federal government as an official port of entry for the United States, despite the city being 200 miles (320 km) inland. Winston-Salem was the eighth-largest port of entry in the United States by 1916.
How much was the tobacco company fined in 2002?
In 2002, the company was fined $15 million for handing out free cigarettes at events attended by children, and was fined $20 million for breaking the 1998 Master Agreement, which restricted targeting youth in its tobacco advertisements.
How did Reynolds die?
At the time Reynolds died in 1918 (of pancreatic cancer ), his company owned 121 buildings in Winston-Salem. He was so integral to company operations that executives did not hang another chief executive's portrait next to Reynolds' in the company board room until 41 years later.
Why did Reynolds cancel the cigarette?
On January 19, 1990, Reynolds abruptly decided to cancel the cigarette, saying that the test marketing would no longer be reliable because of what it called, "the unfair and biased attention that brand has received."
When did Reynolds tobacco start packaging cigarettes?
Reynolds Tobacco established virtually every packaging standard in the U.S. cigarette industry. The 20-cigarette pack was introduced by Reynolds Tobacco in 1913, and in 1915 the company introduced the one-piece, 10-pack carton. In 1931, Reynolds Tobacco became the first company to package its cigarettes with a moisture-proof, ...
Who bought Flynt cigarettes?
Flynt Tobacco Co. and its trademarks, including the popular Sir Walter Raleigh smoking tobacco. The following year, the company bought R.P. Richardson Company, which had just started to market manufactured cigarettes.
How much was the RJR Nabisco acquisition worth?
The acquisition was valued at $25 billion, marking the largest corporate transaction in history at that time. After being privately held for a period, the company’s common stock returned to the stock market in 1991. In early 1995, KKR divested its remaining holdings in RJR Nabisco.
What was the first menthol brand?
In 1933, B&W launched KOOL cigarettes, the first U.S. menthol brand to gain nationwide distribution. In 1936, B&W introduced Viceroy as the industry’s first cork-tipped filter product. In 1952, B&W began marketing Viceroy with a new “cellulose acetate” filter. In 1954, Reynolds Tobacco introduced Winston – the first filter cigarette ...
When was Belair menthol introduced?
The Belair menthol brand was launched nationally by B&W in 1960. The Doral brand was first introduced by Reynolds Tobacco in 1969. (It was repositioned and re-introduced in 1984.) B&W introduced Barclay in 1980, as an ultra-low “tar” product featuring an “Actron” filter.
When did KKR divest from RJR?
In early 1995, KKR divested its remaining holdings in RJR Nabisco. As a result of BAT’s acquisition of American Tobacco Company in 1994, the Carlton, Pall Mall, Misty, Tareyton and Lucky Strike brands were added to the B&W brand family, as those operations were integrated into B&W in 1995.
When was the first filter cigarette invented?
In 1954, Reynolds Tobacco introduced Winston – the first filter cigarette to achieve a major success in the marketplace.
What happened to Reynolds tobacco in the 1890s?
In the 1890s there were several significant changes in the Reynolds Tobacco Company. In 1890 the company issued its first stock, with R.J. Reynolds owning nearly 90 percent of the company. He was elected president, with his brother serving as vice-president. In 1892 a sales department was created along with a systematic national advertising program.
What was Reynolds' strategy in the 1980s?
Reynolds ’ s strategy in the 1980s centered on developing new foreign markets for tobacco products to offset lower domestic demand and sales. In 1980 Reynolds was the first U.S. company to reach an agreement with the People ’ s Republic of China to manufacture and sell cigarettes there. In September 1980 the company announced an ambitious $2 billion, ten-year construction and plant modernization plan. By 1986 the ultramodern Tobaccoville factory just north of Winston-Salem began production.
What was the tobacco industry like in the 1960s?
Tobacco, however, continued to be the mainstay of Reynolds. In 1968 RJ. Reynolds International was established to develop foreign tobacco markets. Two years later all tobacco operations became a subsidiary of RJ. Reynolds Industries. In the 1960s the smoking and health controversy had intensified. In 1964 the U.S. Surgeon General issued a report linking smoking with lung cancer and heart disease. The U.S. Congress in 1965 passed the Cigarette Advertising and Labeling Act, which required tobacco companies to place health warnings on cigarette packs. Cigarette advertising was banned from radio and television after 1971. The federal cigarette tax was doubled in 1983.
Why did Reynolds turn to Duke?
Due to considerable expansion in the late 1890s, Reynolds was in need of large amounts of capital. Reluctantly, he turned to his rival Duke for help. In 1898 Duke ’ s American Tobacco Company established a subsidiary, Continental Tobacco Company, in an effort to monopolize the nation ’ s chewing tobacco business.
What was the name of the tobacco company that was convicted of monopolistic practices?
In 1948 a major antitrust suit against the tobacco industry went to trial. Several R.J. Reynolds officers were convicted and fined on charges of monopolistic practices, although they strongly asserted their innocence. The company itself also was convicted. The company ’ s misfortunes continued. In 1949 Reynolds introduced a major new cigarette brand, Cavalier. The public did not accept the brand, which lost $30 million in five years.
What was the first tobacco company to use saccharin?
Reynolds was one of the first companies to introduce saccharin as a sweetening agent in chewing tobacco. The company also adopted many labor-saving devices and had a 400 percent production increase between 1892 and 1898. In 1894 Reynolds began to experiment with smoking tobacco to compete with James Buchanan Duke ’ s profitable brands and also because of his desire to turn scrap tobacco into a paying product. In 1895 the company introduced its first smoking tobacco brand, Naturally Sweet Cut Plug. In 1898 the company ’ s assets were valued at more than $1 million.
What happened to the tobacco trust?
In 1911 a U.S. Circuit Court ordered the dissolution of the American Tobacco Company. American was forced to divest itself of all Reynolds stock. R.J. Reynolds and members of his family reacquired some of the company ’ s stock. In actuality the trust years were good to Reynolds. He expanded facilities, hired aggressive new managers, and increased production and sales almost fivefold during the trust period. By the time he reacquired control of the company in 1912, the R.J. Reynolds Tobacco Company was the smallest of the big four tobacco manufacturers, but it was quick to expand.
What happened to Reynolds in 1973?
In 1973 a Reynolds unit pleaded guilty to charges of importing ores from Rhodesia, in violation of U.S. government sanctions against the country at the time. In 1975 the company's assets in Guyana were nationalized and Reynolds was forced to settle for a $10 million payment for its Guyanese holdings. In 1980, 51 percent of its Jamaican assets and operations and all of its Jamaican land holdings were sold to the Jamaican government. The company continued to offer new products to the marketplace. In 1970 the first all-aluminum automobile engine block was introduced. All-aluminum car bumpers were in use in 1973. The beverage can with the stay-on, pull-top tab was well received in 1975.
What are Reynolds products used for?
Other end-uses for Reynolds products are aluminum beverage cans, flexible and foodservice packaging, consumer home food managment, transportation, building, and construction. In addition, the company has a metal supply system with operations in bauxite mining, alumina refining, and primary and reclaimed aluminum production.
How much aluminum was recycled in 1996?
Even with smaller cans, recycling them and other aluminum products was achieving record levels. Reynolds recycled 584 million pounds of aluminum, including more than 11 billion aluminum beverage cans, and nearly 228 million pounds of non-can aluminum scrap in 1996 alone. Furthermore, the company noted that as more and more aluminum is used in automobiles, appliances, building products, packaging items, foil and foil products, and other household goods, there will be more metals entering the recycling stream.
What is Reynolds Metals?
Reynolds Metals Company is the world's third largest aluminum and packaging company. As a fully integrated manufactuer, distributor, and marketer of primary and value-added fabricated aluminum products, the company operates 100 manufacturing facilities in 24 nations. Reynolds also produces plastic products which are primarily used in its packaging and consumer products businesses. Other end-uses for Reynolds products are aluminum beverage cans, flexible and foodservice packaging, consumer home food managment, transportation, building, and construction. In addition, the company has a metal supply system with operations in bauxite mining, alumina refining, and primary and reclaimed aluminum production. As a leader in consumer aluminum recycling, Reynolds distributes aluminum and stainless steel mill products through a nationwide network of metal service centers.
What was the purpose of Reynolds's bauxite mining?
The company also acquired a bauxite mining operation in Arkansas to help feed the smelters. Reynolds's World War II production was extensive. By the end of World War II, Reynolds had increased the company's production capacity to more than 450 million pounds.
Where was foil made?
Their plan did not work. At the time, most foil was manufactured in tall, multi-storied buildings. The material was moved manually from one floor to another before the finished product was ready for shipment. All the lifting and transferring of raw materials was a costly and inefficient way to manufacture foil. The newly purchased Reynolds plant in Kentucky, however, was all on one floor, at ground level. The production equipment was, therefore, installed in long rows, which eliminated the need for the expensive transporting of the product. The resulting lower manufacturing costs allowed the company to undersell its competitors by several cents per pound, ensuring the company's share of the growing market. During the 1920s most foil for packaging was made of lead and tin alloys. R.S. Reynolds recognized the advantages of using lighter-weight, less-expensive aluminum foil. In 1928, after buying back the stock he had sold to R.J. Reynolds to start U.S. Foil, R.S. Reynolds built the company's first aluminum foil plant and rolling mill in Louisville, and the Reynolds Metals Company was formed.
Where did Reynolds move to?
In 1938 R.S. Reynolds decided to move the company's headquarters south again. Taking his son, Richard S. Reynolds, Jr., with him as assistant to the president, the company settled in Richmond, Virginia.
When did Reynolds American report its second quarter earnings?
Reynolds American reports its second-quarter earnings on Tuesday, July 29, 2014, and the consensus earnings per share estimate is 87 cents per share.Analysts are projecting earnings of $3.35 per share for the fiscal year. Revenue is expected to be $2.19 billion for the quarter, 1% higher than the year-earlier total [...]
When do options expire for Reynolds American?
First Week of April 15th Options Trading For Reynolds American (RAI) Investors in Reynolds American Inc (NYSE: RAI) saw new options begin trading this week, for the April 15th expiration.
What is Reynolds American Inc?
Reynolds American Inc. is a holding company, which manufactures and sells cigarettes in United States. It operates through the following segments: RJR Tobacco, American Snuff, and Santa Fe.
Overview
- The R. J. Reynolds Tobacco Company is an American tobacco manufacturing company based in Winston-Salem, North Carolina, and headquartered at the RJR Plaza Building. Founded by Michael Thomas in 1875, it is the second-largest tobacco company in the U.S.. The company is a wholly owned subsidiary of Reynolds American, after merging with the U.S. opera...
History
- Early history
The son of a tobacco farmer in Virginia, Richard Joshua "R.J." Reynolds sold his shares of his father's company in Patrick County, Virginia, and ventured to the nearest town with a railroad connection, Winston-Salem, to start his own tobacco company. He bought his first factory b - RJR Nabisco
R.J. Reynolds Industries merged with Nabisco Brands in 1985, and the name changed to RJR Nabisco in August 1986. In 1987, a bidding war ensued between several financial firms to acquire RJR Nabisco. Finally, the private equity takeover firm Kohlberg Kravis and Roberts & Co was re
Marketing, sponsorships and criticisms
- From 1972, R.J. Reynolds was a title sponsor of the NHRA Winston Drag Racing Series, the NASCAR Winston Cup Series and until 1993, the IMSA Camel GT for sportscars. The NHRA sponsorship lasted up to 2001, before a new governing rule stated the Master Settlement Agreement, restricting R.J. Reynolds to one sponsorship of a sporting event; as a result, they ch…
Early knowledge of the harms of cigarettes
- By 1953, RJ Reynolds held an internal belief that cigarettes caused cancer. On February 2 of that year, RJ Reynolds research chemist and executive Claude Teague released 'Survey of Cancer Research', a confidential internal document for RJ Reynolds upper management. He concluded that clinical data was confirming the fact that tobacco was "an important etiologic factor in the i…
Lawsuits
- In May 2011, a Miami-Dade Circuit jury awarded Julie Reese, an 82-year-old Cape Coral smoker represented by The Ferraro Law Firm, a total verdict of $1 million from R.J. Reynolds Tobacco, after she developed laryngeal cancer and chronic obstructive pulmonary disease. The jury found Reynolds to be negligent, guilty of fraud by concealment and fraud conspiracy, and guilty of plac…
Brands
- R.J. Reynolds brands include Newport, Camel, Doral, Eclipse, Kent and Pall Mall. Brands still manufactured but no longer receiving significant marketing support include Capri, Carlton, GPC, Lucky Strike, Misty, Monarch, More, Now, Old Gold, Tareyton, Vantage, and Viceroy. Discontinued brands include Barclay, Belair, and Real. The company also manufactures certain private-label br…
Early History
Diversification: 1960s–70s
Refocusing The Company in The 1980s
Splitting Up Tobacco and Food Businesses: Late 1990s
- Also in 1995, RJR Nabisco placed 19.5 percent of Nabisco on the stock market. Asserting the company had not gone far enough and that Nabisco needed to be divested completely, investor Carl Icahn, along with Bennet LeBow, attempted a takeover of RJR Nabisco. Although the pair’s plan to spin off Nabisco fully was popular on some fronts, their lengthy...
Principal Subsidiaries
Further Reading