What is Altria known for?

What is Altria known for?

Altria Group, formerly Philip Morris Companies, Inc., American holding company founded in 1985, the owner of several major American companies with interests in tobacco products and wine, most notably Philip Morris Inc., the largest cigarette manufacturer in the United States. Its headquarters are in Richmond, Virginia.

What does Altria company do?

Altria Group, Inc. (previously known as Philip Morris Companies, Inc.) is an American corporation and one of the world’s largest producers and marketers of tobacco, cigarettes and related products. It operates worldwide and is headquartered in unincorporated Henrico County, Virginia, just outside the city of Richmond.

Does Altria own Budweiser?

Many people know Altria Group (NYSE:MO) as the tobacco conglomerate that owns the famous Marlboro brand. But many don’t know that the company also owns a 10% stake in Anheuser Busch (NYSE: BUD), the alcohol conglomerate that owns Budweiser, Busch, and other beer brands.

What is the meaning of Altria?

The company now wants to be called Altria Group Inc. The name is rooted in the Latin word altus, which means high. It’s meant to imply peak performance. Now, the cigarette industry has its critics.

How much of AB InBev does Altria own?

10%
Key Points. Altria recently sold its wine business and is approaching an opportunity to sell its 10% stake in beer giant AB InBev.

What cigarettes Altria make?

Our wholly-owned subsidiaries include Philip Morris USA, U.S. Smokeless Tobacco Company, John Middleton, Helix Innovations and Philip Morris Capital Corporation, with category-leading names like Marlboro®, Black & Mild®, Copenhagen®, Skoal® and on!

Is the American tobacco company still in business?

The American Tobacco Company restructured itself in 1969, forming a holding company called American Brands, Inc., which operated American Tobacco as a subsidiary….American Tobacco Company.

Type	Private (1890–1969) Subsidiary (1969–94)
Defunct	1994
Fate	Restructuring and sale to American Brands, Inc.
Headquarters	Durham, North Carolina , U.S.

What happened to UST Inc?

Michelle Wine Estates, a vintner of premium wines. On January 6, 2009, UST Inc. was purchased by Altria.