This article has multiple issues. Please help improve it or discuss these issues on the talk page.
This article contains wording that promotes the subject in a subjective manner without imparting real information. Please remove or replace such wording and instead of making proclamations about a subject's importance, use facts and attribution to demonstrate that importance.(November 2015)
Samuel Bronfman, CC (February 27, 1889 – July 10, 1971) was a Canadian businessman and philanthropist. He founded Distillers Corporation Limited, and is a member of the Canadian Jewish Bronfman family.
In 1903, the family bought a hotel business, and Samuel, noting that much of the profit was in alcoholic beverages, set up shop as a liquor distributor. He founded the Distillers Corporation in Montreal in 1924, specializing in cheap whiskey, and concurrently taking advantage of the U.S. prohibition on alcoholic beverages. The Bronfmans sold liquor to the northern cities of the U.S. such as Boston, New York and Chicago during the Prohibition era, while operating from the perimeters of Montreal, Quebec where alcohol production was legal.
His renamed company, Seagram Co. Ltd., became an international distributor of alcoholic beverages, and a diversified conglomerate which included an entertainment branch.
Because of changes to US tax law in the Lyndon Johnson administration, it became advantageous for Bronfman to purchase an oil company, which he did with the purchase of Texas Pacific Coal and Oil Company in 1963 for $50 million. In 1980, the Bronfman heirs sold the Texas Pacific Oil holdings to Sun Oil Co. for $2.3 billion.