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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Marlboro brand profile	SABMiller
Philip Morris USA	John Middleton
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