Altria - M&A Summary and Business Overview

Consumer ProductsCompany

Altria M&A Summary

Altria has acquired 7 companies, including 1 in the last 5 years. It has also divested 3 assets.

Altria’s largest acquisition to date was in 1988, when it acquired Mondelez International for $13.1B. Altria has acquired in 6 different US states, and 2 countries. The Company’s most targeted sectors include consumer products (72%) and food (29%).

Altria Business Overview

Where is Altria headquartered?

Altria is headquartered in Richmond, Virginia.

What is Altria’s revenue?

Altria disclosed revenue of 20,688M USD for 2022 and 21,111M USD for 2021.

How many employees does Altria have?

Altria has 6,300 employees.

What sector is Altria in?

Altria is a consumer products company.

When was Altria founded?

Altria was founded in 1822.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity7
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 9

Altria

Altria Group, Inc.

6601 West Broad Street,
Richmond, Virginia 23230
United States,
(804) 274-2200
www.altria.com

Altria is a global holding company focused on tobacco products. Altria Group, Inc.'s direct and indirect wholly-owned subsidiaries include Philip Morris USA Inc., which is engaged in the manufacture and sale of cigarettes and certain smokeless products in the United States; John Middleton Co., which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco, and is a wholly-owned subsidiary of PM USA; and UST LLC, which through its direct and indirect wholly-owned subsidiaries, including U.S. Smokeless Tobacco Company LLC and Ste. Michelle Wine Estates Ltd., is engaged in the manufacture and sale of smokeless products and wine. Philip Morris Capital Corporation, another wholly-owned subsidiary of Altria Group, Inc., maintains a portfolio of leveraged and direct finance leases. In addition, Altria Group, Inc. holds approximately 26.9% of the economic and voting interest of SABMiller plc. Altria was incorporated in 1822 and is based in Richmond, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 6 - - - 1 - 7
vol $32.3B $2.8B $35.1B
Sell (0.0/yr) # 3 - - - - - 3
  10

Most Recent M&A

Company Date Value Type
Sottera, Inc. 2023-03-06 2.8B USD Add-on Acquisition
Scottsdale, Arizona · www.njoy.com
JUUL Labs, Inc. 2018-12-20 - Stake Purchase
San Francisco, California · www.juul.com
Cronos Group, Inc. 2018-12-07 1.8B USD Add-on Acquisition
Toronto, Ontario · www.thecronosgroup.com
Green Smoke Inc. - e-vapor Business 2014-02-03 130M USD Divestiture
, United States
U.S. Smokeless Tobacco Co. LLC 2008-09-08 11.7B USD Add-on Acquisition
Pittsburgh, Pennsylvania · www.ussmokeless.com
Philip Morris International, Inc. 2008-03-28 - Spin Off
New York, New York · www.pmi.com
Mondelez International, Inc. 2001-06-11 - Spin Off
Chicago, Illinois · www.mondelezinternational.com
General Foods Corporation 1995-01-05 - Merger
White Plains, New York
Mondelez International, Inc. 1988-10-31 13.1B USD Add-on Acquisition
Chicago, Illinois · www.mondelezinternational.com
General Foods Corporation 1985-09-28 5.6B USD Add-on Acquisition
White Plains, New York
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Cronos Group, Inc. 2018-12-07 Medical Marijuana Corp. 2019-03-04 1
Toronto, Ontario · www.thecronosgroup.com Whistler, British Columbia · www.whistlermedicalmarijuana.com

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Products 5 (71%) 16.4B (47%) 1 (33%) -
Food 2 (29%) 18.7B (53%) 2 (67%) -
Total 7 $35.1B 3 -

By Geo

State/Country Buy Value Sell Value
United States 6 33.3B 3 -
  New York 1 5.6B 2 -
  Illinois 1 13.1B 1 -
  Pennsylvania 1 11.7B - -
  California 1 - - -
  Arizona 1 2.8B - -
Canada 1 1.8B - -
  Ontario 1 1.8B - -
Domestic 6 (86%) 33.3B (95%) 3 (100%) -
Cross-border 1 (14%) 1.8B (5%) - -
Total 7 $35.1B 3 -

Top M&A Advisors

Financial Deals
Centerview Partners
 2
J.P. Morgan Securities
 2
Morgan Stanley
 1
Legal Deals
Arnold & Porter LLP
 2
Hunton & Williams LLP
 2
Wachtell, Lipton, Rosen & Katz
 2

Deal Values

buy # Total
> $1B 5 $35.0B
$100M to $1B 1 $130M
TOTAL $35.1B
Largest Mondelez International, Inc.
$13.1B (1988-10-31)

M&A Connections

Deals
Acquired from
Strategic(s)
14%
1 (14%)
Divested to
Strategic(s)
33%
1 (33%)

Company Summary

SECTOR

Consumer Products

Revenue

20,688   3% 2022
21,111   2% 2021
20,841   6% 2020
19,796   1% 2019
19,627   1% 2018
19,494   1% 2017
19,337   2016
(millions of USD) Show More Show Less

Employees

6,300

Established

1822

Public

NYSE: MO

Former Name

Philip Morris Co., Inc.

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