About Altria Group Inc

Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company is Moving Beyond Smoking, leading the way in moving adult smokers away from cigarettes by taking action to transition millions to potentially less harmful choices - believing it is a substantial opportunity for adult tobacco consumers, its businesses and society. The company’s wholly owned subsidiaries include Philip Morris USA Inc. (PM USA), which engages 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; UST LLC (UST), which, through its wholly owned subsidiary U.S. Smokeless Tobacco Company LLC (USSTC), engages in the manufacture and sale of moist smokeless tobacco products (MST) and snus products; and Helix Innovations LLC (Helix), which operates in the United States and Canada, and Helix Innovations GmbH and its affiliates (Helix ROW), which operates internationally in the rest-of-world, are engaged in the manufacture and sale of oral nicotine pouches. Other wholly owned subsidiaries include Altria Group Distribution Company, which provides sales and distribution services to the company’s domestic tobacco operating companies; Altria Client Services LLC (ALCS), which provides various support services to its companies in areas, such as legal, regulatory, consumer engagement, finance, human resources and external affairs; and Philip Morris Capital Corporation (PMCC), which completed the wind-down of its portfolio of finance assets in 2022. In October 2022, the company, through PM USA, entered into a joint venture with JTI (US) Holding, Inc. (JTIUH), a subsidiary of Japan Tobacco Inc. (Japan Tobacco), for the U.S. marketing and commercialization of heated tobacco stick (HTS) products. The joint venture entity, Horizon Innovations LLC (Horizon), is structured to exist in perpetuity and is responsible for the U.S. commercialization of HTS products owned by either party. PM USA holds a 75% economic interest in Horizon with JTIUH having a 25% economic interest. The parties plan to collaborate on a global smoke-free partnership. Horizon is governed by a board of managers, which consists of four individuals designated by PM USA and three individuals designated by JTIUH. The company’s operating companies’ products include smokeable tobacco products, consisting of combustible cigarettes manufactured and sold by PM USA, and machine-made large cigars and pipe tobacco manufactured and sold by Middleton; and oral tobacco products, consisting of MST and snus products manufactured and sold by USSTC, and oral nicotine pouches manufactured and sold by Helix. Tobacco Space The company’s tobacco operating companies include PM USA, USSTC and other subsidiaries of UST, Middleton and Helix. The products of the company’s tobacco operating companies include smokeable tobacco products, consisting of combustible cigarettes manufactured and sold by PM USA and machine-made large cigars and pipe tobacco manufactured and sold by Middleton; and oral tobacco products, consisting of MST and snus products manufactured and sold by USSTC and oral nicotine pouches manufactured and sold by Helix. Cigarettes: PM USA is the largest cigarette company in the United States and substantially all cigarettes are manufactured and sold to customers in the United States. Marlboro, the principal cigarette brand of PM USA, has been the largest-selling cigarette brand in the United States for over 45 years. Cigars: Middleton engages in the manufacture and sale of machine-made large cigars and pipe tobacco. Middleton contracts with a third-party importer to supply a majority of its cigars and sells substantially all of its cigars to customers in the United States. Black & Mild is the principal cigar brand of Middleton. Oral Tobacco Products: USSTC is the leading producer and marketer of MST products. The oral tobacco products segment includes the premium brands, Copenhagen and Skoal, and a value brand, Red Seal, sold by USSTC. In addition, the oral tobacco products segment includes on! oral nicotine pouches sold by Helix. Substantially all of the oral tobacco products are manufactured and sold to customers in the United States. Other Tobacco Products: In December 2013, the company entered into a series of agreements with Philip Morris International Inc. (PMI), including an agreement that granted it an exclusive right to commercialize certain of PMI’s heated tobacco products in the United States. In 2019, PM USA began commercialization of PMI’s IQOS Tobacco Heating System (IQOS System) in select markets. In connection with a patent dispute, the U.S. International Trade Commission (ITC) issued a limited exclusion order barring the importation of the IQOS System electronic device, Marlboro HeatSticks and the infringing components into the United States and a cease and desist order barring domestic sales, marketing and distribution of these imported products effective November 29, 2021. In October 2022, the company entered into an agreement with PMI to, among other things, transition and ultimately conclude its relationship with respect to the IQOS System in the United States. The company has agreed to assign to PMI exclusive U.S. commercialization rights to the IQOS System effective April 30, 2024. PMI will not have access to the Marlboro brand name or other brand assets, as PM USA owns the Marlboro trademark in the United States. Distribution The company’s tobacco subsidiaries sell their tobacco products principally to wholesalers (including distributors) and large retail organizations, including chain stores. Government Regulations The company and its subsidiaries (and former subsidiaries) are also 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), which can impose joint and several liability on each responsible party. History Altria Group, Inc. was founded in 1822. The company was incorporated in the Commonwealth of Virginia in 1985.

Country
Industry:
Cigarettes
Founded:
1822
IPO Date:
01/02/1968
ISIN Number:
I_US02209S1033
Address:
6601 West Broad Street, Richmond, Virginia, 23230, United States
Phone Number
804 274 2200

Key Executives

CEO:
Gifford, William
CFO
Mancuso, Salvatore
COO:
Begley, Jody