How Altria Group Inc. Has Changed in the Past Two Years
Altria (NYSE: MO), the largest tobacco company in America, is sometimes considered a slow-growth company that hardly changes. But it's actually been in state of constant change over the past decade. It spun off Kraft Foods in 2007, then spun off its international business as Philip Morris International (NYSE: PM) the following year.
It expanded beyond cigarettes by buying cigar maker John Middleton and snuff maker UST, which added winery Ste. Michelle Wine Estates to its portfolio. It also started selling e-cigarettes in late 2014, and also took a stake in brewery SABMiller.
Source: Pixabay.
Source: Fool.com
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