Adds a clear case in which family and production continuity coexist with changing corporate ownership.
The passage traces the family's operating role through American Tobacco, Fortune Brands, public ownership, portfolio expansion, and global sales.
Noe distinguishes ownership from operation: after the family no longer owned the business, Beam relatives remained in charge of making bourbon and growing the company through later acquisition and corporate transformation.
PDF sheet 20
A Little History
Verified against rendered PDF sheet 20 on 2026-08-24.
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