Philip Morris USA Inc. is the nation's leading cigarette manufacturer and for more than 20 consecutive years has had the highest revenues, income, volume and market share in the U.S. cigarette business.
PM USA is an operating company of
Altria Group, Inc., a Virginia corporation whose stock is traded on the New York Stock Exchange (MO).
PM USA is
more than 150 years old. The history of our company can be traced back to Philip Morris' 1847 opening of a single shop on London's Bond Street, selling tobacco and ready-made cigarettes. In 1902, Philip Morris & Co., Ltd. incorporated as a small tobacco company in New York City. In 1960, Philip Morris was the smallest among the six major tobacco companies in the United States. By 1983, PM USA had become the largest cigarette company in the country.
Today, PM USA is a wholly-owned subsidiary of Altria Group. Other Altria Group companies are:
- John Middleton Co. – a leading manufacturer of machine-made large cigars. It produces Black & Mild, the second largest selling machine-made large cigar in the U.S. John Middleton Co.'s brands in the pipe tobacco category are: Prince Albert, Carter Hall, Middleton’s and Kentucky Club.
- Philip Morris Capital Corporation – a financial services company that actively manages a portfolio consisting of leveraged and direct finance leases. It provides Altria Group, with financial, tax and economic benefits while managing a well-diversified portfolio of assets.
Altria Group also has a 28.6 percent economic and voting interest in SABMiller plc, the world’s second-largest brewer.
