Altria Announces Arrangement with Philip Morris International to Enhance Operational Efficiency
RICHMOND, Va.–(BUSINESS WIRE)–
Altria Group, Inc. (Altria) (NYSE: MO) today announced that Philip Morris USA Inc. (PM USA) has entered into a contract manufacturing arrangement with non-U.S. affiliates of Philip Morris International Inc. (PMI) (NYSE: PM) that is intended to enhance the efficiency of PM USA’s traditional tobacco product operations.
The arrangement supports our 2028 Enterprise Goals by enhancing operational capabilities, generating economic benefits to support investment in our Vision and strengthening capabilities that could be transferable to our international nicotine efforts. We do not expect this arrangement will have a material impact on our 2026 financial results.
Altria and PMI will continue to operate independently and maintain responsibility for their own commercialization, distribution and regulatory activities.
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Altria’s Profile |
We have a leading portfolio of nicotine products for U.S. nicotine consumers age 21+. We are Moving Beyond Smoking® by responsibly transitioning adult smokers to a smoke-free future, competing vigorously for existing smoke-free adult nicotine consumers and exploring new growth opportunities — beyond the U.S. and beyond nicotine (Vision). To achieve our Vision, we will pursue initiatives designed to promote the long-term welfare of our company, our stakeholders, society at large and the environment.
Our wholly owned subsidiaries include leading manufacturers of both combustible and smoke-free products. In combustibles, we own Philip Morris USA Inc. (PM USA), the most profitable U.S. cigarette manufacturer, and John Middleton Co. (Middleton), a leading U.S. cigar manufacturer. Our smoke-free portfolio includes ownership of U.S. Smokeless Tobacco Company LLC (USSTC), the leading global moist smokeless tobacco (MST) manufacturer, Helix Innovations LLC (Helix), a leading manufacturer of oral nicotine pouches, and NJOY, LLC (NJOY), an e-vapor manufacturer with products covered by marketing granted orders from the U.S. Food and Drug Administration (FDA).
Additionally, we have a majority-owned joint venture, Horizon Innovations LLC (Horizon), for the U.S. marketing and commercialization of heated tobacco stick products.
Our equity investments include Anheuser-Busch InBev SA/NV (ABI), the world’s largest brewer, and Cronos Group Inc. (Cronos), a leading Canadian cannabinoid company.
The brand portfolios of our operating companies include Marlboro®, Black & Mild®, Copenhagen®, Skoal®, on!® and NJOY®. Trademarks related to Altria referenced in this release are the property of Altria or our subsidiaries or are used with permission.
Learn more about Altria at www.altria.com and follow us on X, Facebook and LinkedIn.
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Forward-Looking and Cautionary Statements |
This release contains certain forward-looking statements with respect to PM USA’s manufacturing arrangement with certain affiliates of PMI intended to enhance the efficiency of PM USA’s traditional tobacco product operations. These statements are subject to various risks and uncertainties. Such forward looking statements relate to, among other things, the manner in which the arrangement supports our pursuit of our 2028 Enterprise Goals by generating economic benefits to support investment in our Vision, enhancing our operational capabilities with respect to traditional tobacco products and strengthening of our capabilities regarding international nicotine products.
Factors that may cause actual results to differ include changes in the global demand for traditional and innovative tobacco products, risks relating to our ability to realize the anticipated benefits of the transactions in the expected manner or timeframe, if at all, prevailing economic, market, regulatory or business conditions, or changes in such conditions, negatively affecting the parties, the outcome of any legal proceedings or investigations that may be instituted against the parties or others related to the transaction, significant changes in price, availability or quality of raw materials or component parts, including as a result of changes in macroeconomic, climate and geopolitical conditions, and the risk of an extended disruption at a facility of, or of service by, a supplier, distributor or distribution chain service provider of PM USA or PMI.
Other risk factors are detailed from time to time in our quarterly reports on Form 10-Q and most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission. These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to, or update, any projections and forward-looking statements contained in this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260823322037/en/
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KEYWORDS: Virginia United States North America
INDUSTRY KEYWORDS: Tobacco Retail Professional Services Finance
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