Profile: Altria Group Inc (MO)
30 May 2017
Altria Group, Inc., incorporated on August 27, 2009, is a holding company. The Company's segments include smokeable products, smokeless products and wine. The Company's subsidiaries include Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and UST LLC (UST), which, through its subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless tobacco products and wine. Its other operating companies include Nu Mark LLC (Nu Mark), a subsidiary that is engaged in the manufacture and sale of tobacco products, and Philip Morris Capital Corporation (PMCC), a subsidiary that maintains a portfolio of finance assets. Other subsidiaries include Altria Group Distribution Company, which provides sales, distribution and consumer engagement services to certain its 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 the Company and its subsidiaries. The Company's financial services business (conducted through PMCC) holds investments in finance leases, principally in transportation (including aircraft), power generation, real estate and manufacturing equipment.
As of December 31, 2016, the smokeable products segment used four manufacturing and processing facilities. As of December 31, 2016, PM USA owned and operated two tobacco manufacturing and processing facilities located in the Richmond, Virginia area that are used in the manufacturing and processing of cigarettes. As of December 31, 2016, Middleton owned and operated two manufacturing and processing facilities in King of Prussia, Pennsylvania and one in Limerick, Pennsylvania that are used in the manufacturing and processing of cigars and pipe tobacco. In addition, PM USA owns a research and technology center in Richmond, Virginia. As of December 31, 2016, the smokeless products segment used four smokeless tobacco manufacturing and processing facilities located in Franklin Park, Illinois; Nashville, Tennessee, and two facilities in Hopkinsville, Kentucky, all of which were owned and operated by USSTC.
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 several other domestic and foreign wine regions. As of December 31, 2016, the wine segment used 12 wine-making facilities, including seven in Washington, four in California and one in Oregon. All of these facilities are owned and operated by Ste. Michelle, with the exception of a facility that is leased by Ste. Michelle in Washington. In addition, in order to support the production of its wines, the wine segment uses vineyards in Washington, California and Oregon that are leased or owned by Ste. Michelle. In addition, Ste. Michelle imports and markets Antinori, Torres and Villa Maria Estate wines and Champagne Nicolas Feuillatte in the United States.
Altria Group Inc
6601 W Broad St
RICHMOND VA 23230-1723
Company Web Links
- BRIEF-Altria "pleased" U.S. FDA filed Philip Morris' MRTP application for electronically-heated tobacco product
- BRIEF-Altria reaffirms 2017 adj EPS guidance
- BRIEF-Altria Group Q1 revenue $6.1 bln
- BRIEF-Altria Group CEO's 2016 compensation was $27.6 mln
- Fitch Upgrades Altria's Ratings to 'A-' Outlook Stable