At the time of its establishment in 1919, Altria Group Inc. was previously referred to as Philip Morris Companies, Inc. Its founders were Philip Morris, Nabisco Holdings Corporation, and Kraft Foods Inc. However, in 2003, there was a rebranding of Philip Morris Companies, which adopted the name Altria.
The rebranding was timely. It was seen as a way of unmasking the negativities associated with the tobacco business. The American corporation has its headquarter offices in Henrico County, Virginia.
It is predominantly in the consumer goods industry, particularly as a producer and market of tobacco, cigarettes, and related products. It has also diversified into alcohol and cannabis.
Altria has such a strong American heritage, which has made it an undisputed market leader in the tobacco industry across the U.S. With the dynamic change, the company earns its everyday success by preparing for tomorrow’s opportunities.
As a global company with a listing on the NYSE, it has also curated partnerships with potential expansion.