RICHMOND, Va.--(BUSINESS WIRE)--Jan. 17, 2017--
Altria Group, Inc. (Altria) (NYSE:MO) today announced that it has
acquired the privately-held Sherman Group Holdings, LLC and its
subsidiaries (Nat Sherman). Nat Sherman sells super-premium cigarettes
and premium cigars, and joins Philip Morris USA Inc. and John Middleton
Co. as part of Altria’s smokeable products segment. Terms of the
transaction were not disclosed.
“Nat Sherman has a terrific brand portfolio which complements Altria’s
existing smokeable product segment,” said Marty Barrington, Altria’s
Chairman, Chief Executive Officer and President. “Nat Sherman will
benefit from the retail distribution, brand management, and adult
tobacco consumer engagement expertise of Altria’s companies.”
“We welcome Nat Sherman and its talented employees to the Altria family
of companies and look forward to swiftly executing our plans,”
Nat Sherman was founded in 1930 as a family-owned and operated business.
Nat Sherman cigarettes are manufactured in Greensboro, North Carolina
and are currently in limited distribution throughout the U.S. The
company also operates a flagship store in New York City.
“We are excited to have our family’s business join the Altria family of
companies,” said Nat Sherman’s Executive Vice President, Bill Sherman.
“We believe Altria will be a great steward of the Sherman company and
Altria’s wholly-owned subsidiaries include Philip Morris USA Inc., U.S.
Smokeless Tobacco Company LLC, John Middleton Co., Nu Mark LLC, Ste.
Michelle Wine Estates Ltd. and Philip Morris Capital Corporation. Altria
holds an equity investment in Anheuser-Busch InBev.
The brand portfolios of Altria’s tobacco operating companies include Marlboro®,
Black & Mild®, Copenhagen®, Skoal®,
MarkTen® and Green Smoke®. 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™,
Torres® 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 and on the Altria Investor app.
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Source: Altria Group, Inc.
Altria Client Services