Summary
Altria Group, founded in 1822, manufactures and sells cigarettes, smokeless tobacco products, and alcoholic beverages in the United States and abroad. Its wholly owned subsidiaries include Philip Morris USA Inc. and John Middleton Co., a leading U.S. cigar manufacturer. Its smoke-free portfolio includes ownership of U.S. Smokeless Tobacco Company LLC and Helix Innovations LLC, a manufacturer of oral nicotine pouches.
The company has a majority-owned joint venture, Horizon Innovations LLC (Horizon), for the U.S. marketing and commercialization of heated tobacco stick products. Altria also has equity investments in Anheuser-Busch InBev SA/NV and Cronos Group Inc., a Canadian cannabinoid company. The company’s brands include Marlboro, Black & Mild, Copenhagen, on! and Skoal. The shares are a component of the S&P 500.
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