Richard S. Reynolds Sr. | |
---|---|
Born | Richard Samuel Reynolds August 15, 1881 |
Died | July 29, 1955 73) | (aged
Alma mater | University of Virginia |
Occupation | Businessman |
Known for | Founder of U.S. Foil Company |
Richard Samuel Reynolds Sr. founded the U.S. Foil Company.
Reynolds was born on August 15, 1881, in Madison County, North Carolina. He was the nephew of leading tobacco producer R.J. Reynolds and the son of Major Abraham David Reynolds (August 13, 1847 – September 1925). He married Julia Louise Parham on December 21, 1904. Reynolds was the father of Richard S. Reynolds Jr. (1909–1969), who was the founder of Reynolds & Co., a brokerage firm that merged with Dean Witter & Co. in 1978 to form Dean Witter Reynolds. [1]
Reynolds left the University of Virginia in 1903 to join the R. J. Reynolds Tobacco Company, working for his uncle, who had founded the company. Reynolds was in part responsible for the company's switch from the production of chewing to smoking tobacco and the launch of Camel cigarettes. In 1912, Reynolds left R.J. Reynolds to go into business for himself. [2]
Shortly after World War I, Reynolds founded the U.S. Foil Company in Louisville, Kentucky. Among the company's early partners were R.J. Reynolds and the British-American Tobacco Company. The company's original business was to roll tin and lead foil for cigarette packaging. Among other innovations, Reynolds devised a moisture-preserving tobacco tin.
Later the switch to aluminum foil was made. In 1947, his company introduced Reynolds Wrap. Reynolds Metals was the second-largest aluminum company in the United States and the third-largest in the world. The Richmond, Virginia, company was bought by ALCOA in 2000. [2]
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The R. J. Reynolds Tobacco Company (RJR) is an American tobacco manufacturing company based in Winston-Salem, North Carolina, and headquartered at the RJR Plaza Building. Founded by R. J. Reynolds in 1875, it is the second-largest tobacco company in the United States. The company is a wholly owned subsidiary of Reynolds American, after merging with the U.S. operations of British American Tobacco in 2004.
The American Tobacco Company was a tobacco company founded in 1890 by J. B. Duke through a merger between a number of U.S. 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. The American Tobacco Company dominated the industry by acquiring the Lucky Strike Company and over 200 other rival firms. Federal Antitrust action begun in 1907 broke the company into several major companies in 1911.
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Reynolds Group Holdings was a New Zealand based packaging company with roots in the former Reynolds Metals Company, which was the second-largest aluminum company in the United States, and the third-largest in the world. Reynolds Metals was acquired by Alcoa in June 2000. Reynolds Group Holdings became Pactiv Evergreen through an IPO in 2020.
Dean Witter Reynolds was an American stock brokerage and securities firm catering to a variety of clients. Prior to the company's acquisition, it was among the largest firms in the securities industry with over 9,000 account executives and was among the largest members of the New York Stock Exchange. The company served over 3.2 million clients primarily in the U.S. Dean Witter provided debt and equity underwriting and brokerage as mutual funds and other saving and investment products for individual investors. The company's asset management arm, Dean Witter InterCapital, with total assets of $90.0 billion prior to the acquisition, was one of the largest asset management operations in the U.S.
Julian Sargeant "Sarge" Reynolds of Richmond, Virginia, was an American educator, businessman, and Democratic politician. He served in both the House and Senate of the Virginia General Assembly and served as 30th Lieutenant Governor of the Commonwealth of Virginia under Governor Linwood Holton. He died of an inoperable brain tumor at age 34 while in office as Virginia's Lieutenant Governor.
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Richard JoshuaReynolds was an American businessman and founder of the R. J. Reynolds Tobacco Company.
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The Macdonald Tobacco Company, founded in 1858 by William Christopher Macdonald and his brother Augustine, converted tobacco leaf from southern U.S. suppliers to pipe and chewing tobacco in Montreal. After several acquisitions, it is now known as Japan Tobacco International (JTI), which manages flagship brands such as Benson & Hedges, Camel, Glamour, LD, Mevius, Natural American Spirit, Silk Cut, Sobranie, and Winston.
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Reynolds Securities was a publicly traded brokerage firm. Founded in 1931 by Richard S. Reynolds, Jr., the firm merged with Dean Witter & Co. to form Dean Witter Reynolds Organization Inc. in 1978, which was then the biggest merger in the history of Wall Street.
Juul Labs, Inc. is an American electronic cigarette company that spun off from Pax Labs in 2017. Juul Labs makes the Juul electronic cigarette, which atomizes nicotine salts derived from tobacco supplied by one-time use cartridges.
Vuse is an electronic cigarette produced by R. J. Reynolds Vapor Company, a subsidiary of the Reynolds American tobacco company. In 2015, it was the most popular e-cigarette in the United States with 33% market share in Nielsen-tracked channels. However, Vuse lost its top position in 2017, when Juul overtook it to become the most popular e-cigarette in the US. As of August 2018, Vuse controlled 10% percent of the American e-cigarette market, compared to Juul's 72% market share. By September 2023, however, Vuse's market share stood at 41.5% versus Juul's 24.7% market share.