Who would have thought that liquor, golf clubs, and locks made for a poor business combination? After testing that odd matchup for a while, Fortune Brands (NYSE: FO) has finalized the details of its own dismantling.

In late July, Fortune completed the sale of Acushnet, the umbrella for the company's golf brands, including Titleist and FootJoy. Fortune sold the division for $1.225 billion in cash to a group led by Mirae Asset Private Equity; it's using the cash to pay off debt.

The two remaining businesses, Beam and Home & Security, will be split into two separate public companies, expected to be effective Oct. 4.

The spirits business, which includes Jim Beam, Courvoisier, and Canadian Club, will be a pure play, competing with Brown-Forman (NYSE: BF-A) and Diageo (NYSE: DEO). That stock will trade under the ticker "BEAM."

The Home & Security business now becomes the catch-all for Fortune's other brands, like Moen, Master Lock, Aristokraft, and more. When it begins trading on its own, it will be known as Fortune Brands Home & Security, the only company to keep the Fortune name. Its stock will trade under the ticker "FBHS" on Oct. 4.

The security business will compete with companies like Masco (NYSE: MAS) for home-improvement market share and space in Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) warehouses.

After being in a hodgepodge company under Fortune Brands, it will probably be good for each company's management to split off onto its own.

What shareholders will get
Fortune Brands shareholders will receive one share of each of the new companies when the split is completed. The ticker "FO" will be discontinued.

It's been a fun run for Fortune Brands' experiments with gold, spirits, and home & security products. But the new structure makes a lot more sense for investors, and it'll give each division's management a chance to focus on its own particular strengths.

The Fortune Brands ticker won't be around for long, but you can use My Watchlist to keep track of competitors. When they start trading, you can also add Beam and Fortune Brands Home & Security to your Foolish list: