 
Altria Inc | Philip Morris (US)


Diversified conglomerate Altria has steadily become a lot
less diversified since 2002. Under its former name of Philip Morris Companies, it was the world's largest tobacco producer,
but also the home of food and beverage giant Kraft and America's second-largest
brewer, Miller. The gradual reduction in tobacco-related litigation following a historic legal settlement at the end of the
1990s encouraged the group to begin separating out its various component businesses. The brewery business was spun off in
2002 into what is now SABMiller and Kraft was established as a separate
independent group in Spring 2007. A full separation of the US and international tobacco businesses took place in March 2008
when the latter business, now Philip Morris International, was
spun off as an independent company. The two Philip Morris tobacco businesses continue to dominate the industry both in the
US and around the globe with brands including Marlboro and L&M.
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Competitors: See Tobacco and Food
Sector indexes for other companies


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