Altria Group, Inc., whose brand portfolio includes Marlboro, Black & Mild, MarkTen, Skoal, and Green Smoke, has acquired the privately-held Sherman Group Holdings, LLC and its subsidiaries, best known as Nat Sherman.
“Nat Sherman has a terrific brand portfolio which complements Altria’s existing smokeable product segment,” said Marty Barrington, Altria’s Chairman, CEO and President. “Nat Sherman will benefit from the retail distribution, brand management, and adult tobacco consumer engagement expertise of Altria’s companies. We welcome Nat Sherman and its talented employees to the Altria family of companies and look forward to swiftly executing our plans.”
Nat Sherman was founded in 1930 as a family-owned and operated business. The company is known for its super-premium cigarettes and premium cigars, which will add greatly to Altria’s smokeable products segment that includes Philip Morris USA, Inc. and John Middleton Co. The company’s cigarettes are manufactured in Greensboro, North Carolina, and operates a flagship store in New York City.
“We are excited to have our family’s business join the Altria family of companies,” commented Bill Sherman, Nat Sherman’s Executive Vice President. “We believe Altria will be a great steward of the Sherman company and its brands.”
Terms of the transaction were not disclosed.
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