The company was founded by Ole Augustinus on 11 May 1750 when he established a tobacco factory on Frederiksborggade.

The eldest of them, Christian Augustinus, from whom it later took its name, took over the operations after their father's death in 1779.

In 1919, Christian Augustinus established De Danske Cigar- & Tobaksfabrikker ("The Danish Cigar and Tobacco Factories") in a partnership with E. Nobel and A/S Horwitz & Kattentid but the company was changed to Chr.

The company is headquartered at Sankt Annæ Plads 13 in central Copenhagen.

Augustinus Fabrikker is a stakeholder in a number of prominent Danish companies: