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Altria to buy NJOY Holdings for $2.75B
Henrico County firm entered definitive agreement
Henrico County-based Altria Group Inc. has entered into a definitive agreement to acquire e-vapor maker NJOY Holdings Inc. for approximately $2.75 billion in cash, with a potential additional $500 million
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Altria strikes $150M deal with Japan Tobacco
Joint venture will produce heated-tobacco devices for global market
Published
Altria Group Inc., the Henrico County-based tobacco giant, announced Thursday it is partnering with Japan Tobacco Group to sell heated tobacco products in the U.S. and worldwide, placing Altria in
Juul settles with Va., 32 other states for $438.5M
E-cig company is partly owned by Altria Group
Published
After a two-year investigation, ongoing federal scrutiny and numerous lawsuits, Juul Labs Inc. tentatively settled with Virginia, 32 other states and Puerto Rico for $438.5 million on Tuesday. Virginia will
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Broadened horizons
CFO leads diversity, economic development efforts
Published
Virginia Business’ 2022 Virginia CFO of the Year award winners represent large and small businesses and large and small nonprofits. Large business | Sal Mancuso, executive vice president and CFO
FDA moves toward menthol cigarettes ban
Philip Morris USA's market share is 9.4%
Published
The Food and Drug Administration said Thursday that it plans to ban sales of menthol cigarettes, a billion-dollar industry in which Philip Morris USA has a 9.4% market share. Philip
Altria can’t sell IQOS device in U.S. after ITC ruling stands
Biden administration did not interfere
Published
Henrico County-based Altria Group Inc. and former subsidiary New York-based Philip Morris International Inc. can no longer sell the IQOS tobacco heating device in the U.S. after the Biden administration’s
Altria names two new board members
Marjorie M. Connelly and R. Matt Davis joined the board
Published
Henrico County-based Altria Group Inc. announced the elections of two board members Wednesday and its third quarter earnings Thursday. Marjorie M. Connelly and R. Matt Davis joined Altria’s board of
Richmond’s Universal Corp. to acquire Pennsylvania flavoring company
Tobacco supplier expects to close acquisition of Shank's Extracts by end of year
Published
Richmond-based agriculture products supplier Universal Corp. has entered into an agreement to acquire specialty ingredient, flavoring and food company Shank’s Extracts Inc., it announced Tuesday. Founded in 1899, Shank’s is
Altria to sell winemaking division for $1.2B
Washington-based Ste. Michelle Wine Estates brands include Chateau Ste. Michelle, 14 Hands, Columbia Crest
Published
Henrico County based Altria Group Inc. announced Friday that it has entered into a definitive agreement to sell its Ste. Michelle Wine Estates winemaking division for $1.2 billion to New
State reaches $39.3M settlement with defunct Keysville tobacco company
Closed in 2019, S&M Brands never entered Master Settlement Agreement
Published
Twenty-three years after the landmark Tobacco Master Settlement Agreement was reached, defunct Keysville tobacco company S&M Brands Inc. has settled with Virginia for nearly $40 million, the attorney general’s office