Last $63.92 USD
Change Today +0.13 / 0.20%
Volume 4.3M
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As of 8:04 PM 05/25/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

6601 West Broad Street

Richmond, VA 23230

United States

Phone: 804-274-2200

Fax:

Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. As of December 31, 2015, the company’s wholly-owned subsidiaries included Philip Morris USA Inc. (PM USA), which engages predominantly in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which engages in the manufacture and sale of machine-made large cigars and pipe tobacco, and is a wholly-owned subsidiary of PM USA; and UST LLC (UST), which through its wholly-owned subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), engages in the manufacture and sale of smokeless tobacco products and wine. The company’s other operating companies included Nu Mark LLC (Nu Mark), a wholly-owned subsidiary that engages in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a wholly-owned subsidiary that maintains a portfolio of finance assets, substantially all of which are leveraged leases. Other Altria Group, Inc. wholly-owned subsidiaries included Altria Group Distribution Company, which provides sales, distribution and consumer engagement services to certain Altria Group, Inc. operating subsidiaries, and Altria Client Services LLC, which provides various support services in areas, such as legal, regulatory, finance, human resources and external affairs, to Altria Group, Inc. and its subsidiaries. As of December 31, 2015, the company also held approximately 27% of the economic and voting interest of SABMiller plc (SABMiller), which Altria Group, Inc. accounts for under the equity method of accounting. Segments Tobacco Space The company’s tobacco operating companies include PM USA, USSTC and other subsidiaries of UST, Middleton and Nu Mark. Altria Group Distribution Company provides sales, distribution and consumer engagement services to the company’s tobacco operating companies. The products of the company’s tobacco subsidiaries include smokeable tobacco products comprised of cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton; smokeless tobacco products, all of which are manufactured and sold by USSTC; and innovative tobacco products, including e-vapor products manufactured and sold by Nu Mark. Cigarettes: PM USA operates as a cigarette company in the United States. Marlboro is the principal cigarette brand of PM USA. Cigars: Middleton engages in the manufacture and sale of machine-made large cigars and pipe tobacco to customers, substantially all of which are located in the United States. Smokeless Tobacco Products: USSTC is the producer and marketer of moist smokeless tobacco (MST) products. The Smokeless Products segment includes the premium brands, Copenhagen and Skoal; value brands, Red Seal and Husky; and Marlboro Snus, a premium PM USA spit-free smokeless tobacco product. All of the smokeless tobacco products are manufactured and sold to customers in the United States. Innovative Tobacco Products: Nu Mark participates in the e-vapor category and has developed and commercialized other innovative tobacco products. In addition, Nu Mark sources the production of its e-vapor products through overseas contract manufacturing arrangements. In 2013, Nu Mark introduced MarkTen e-vapor products. In 2014, Nu Mark acquired the e-vapor business of Green Smoke, Inc. and its affiliates (Green Smoke), which sells e-vapor products. Wine Ste. Michelle is a producer and supplier of premium varietal and blended table wines and of sparkling wines. Ste. Michelle is a producer of Washington state wines, primarily Chateau Ste. Michelle, Columbia Crest and 14 Hands, and owns wineries in or distributes wines from various other domestic and foreign wine regions. Ste. Michelle holds an 85% ownership interest in Michelle-Antinori, LLC, which owns Stag’s Leap Wine Cellars in Napa Valley. Ste. Michelle also owns Conn Creek in Napa Valley and Erath in Oregon. In addition, Ste. Michelle imports and markets Antinori, Torres and Villa Maria Estate wines and Champagne Nicolas Feuillatte in the United States. Strategy Key elements of Ste. Michelle’s strategy are expanded domestic distribution of its wines, especially in certain account categories, such as restaurants, wholesale clubs, supermarkets, wine shops and mass merchandisers, and a focus on improving product mix to higher-priced, premium products. Customers The major customer of PM USA, USSTC and Middleton, McLane Company, Inc., accounted for approximately 26% of the company’s consolidated net revenues for the year ended December 31, 2015. In addition, Core-Mark Holding Company, Inc. accounted for approximately 10% of the company’s consolidated net revenues for the year ended December 31, 2015. Intellectual Property As of December 31, 2015, the portfolio of approximately 600 United States patents owned by the company’s businesses, as a whole, was material to it and its tobacco businesses. Environmental Regulation The company and its subsidiaries are subject to various federal, state and local laws and regulations concerning the discharge of materials into the environment, or otherwise related to environmental protection, including in the United States: The Clean Air Act, the Clean Water Act, the Resource Conservation and Recovery Act and the Comprehensive Environmental Response, Compensation and Liability Act (commonly known as Superfund). History Altria Group, Inc. was founded in 1919.

 

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