Altria Group, Inc.

Richmond, VA United States

 

Company Description

The house the Marlboro Man built, Altria Group, owns the largest cigarette company in the US. Altria operates through subsidiary Philip Morris USA, which sells Marlboro -- the world's #1-selling cigarette brand. Altria controls about half of the US tobacco market. It manufactures cigarettes under the Parliament, Virginia Slims, and Basic brands, among many. Altria, however, is diversifying from solely a cigarette maker to a purveyor of cigars and pipe tobacco, through John Middleton Co., smokeless tobacco products, through UST, and wine, through UST subsidiary Ste. Michelle Wine Estates. Another subsidiary, Philip Morris Capital Corp. holds a group of finance leases. Altria also owns a 27% stake in SABMiller.