Written by The Wall Street Journal
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RICHMOND, Va. – (BUSINESS WIRE) – April 01, 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(R), Black & Mild(R), Copenhagen(R), Skoal(R) and MarkTen(TM). Ste. Michelle produces and markets premium wines sold under various labels, including Chateau Ste. Michelle(R), Columbia Crest(R), 14 Hands(R) and Stag’s Leap Wine Cellars(R), and it imports and markets Antinori(R), Champagne Nicolas Feuillatte(TM) and Villa Maria Estate(TM) 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.
CONTACT: Altria Client Services
Altria Client Services
SOURCE: Altria Group, Inc.
Copyright Business Wire 2014
Read the original article here: http://online.wsj.com/article/PR-CO-20140401-912457.html