RICHMOND, Va.--(BUSINESS WIRE)--Apr. 1, 2014--
Altria Group, Inc. (Altria) (NYSE:MO) today announced that its
subsidiary, Nu Mark LLC (Nu Mark), has completed the acquisition of the
e-vapor business of Green Smoke, Inc. and its affiliates. The
transaction is valued at approximately $110 million in cash and up to
$20 million in incentive payments.
Additional information regarding the transaction is available at www.altria.com.
Altria directly or indirectly owns 100% of each of Philip Morris USA
Inc., U.S. Smokeless Tobacco Company LLC, John Middleton Co., Nu Mark,
Ste. Michelle Wine Estates Ltd. (Ste. Michelle) and Philip Morris
Capital Corporation. Altria holds a continuing economic and voting
interest in SABMiller plc.
The brand portfolios of Altria’s tobacco operating companies include Marlboro®,
Black & Mild®, Copenhagen®, Skoal® and MarkTen™.
Ste. Michelle produces and markets premium wines sold under various
labels, including Chateau Ste. Michelle®, Columbia Crest®, 14
Hands® and Stag’s Leap Wine Cellars®, and it imports and
markets Antinori®, Champagne Nicolas Feuillatte™ and Villa
Maria Estate™ products in the United States. Trademarks and service
marks related to Altria referenced in this release are the property of
Altria or its subsidiaries or are used with permission. More information
about Altria is available at altria.com.
Source: Altria Group, Inc.
Altria Client Services