Cigar News: Michael Herklots and Nat Sherman Brands Return

Cigar News: Altria Acquires Nat Sherman Cigars

Cigar News: Altria Acquires Nat Sherman CigarsRICHMOND, Va.–(BUSINESS WIRE)– Group, Inc. () (NYSE:MO) today announced that it has acquired the privately-held Sherman Group Holdings, LLC and its subsidiaries (). sells super-premium cigarettes and premium cigars, and joins Philip Morris USA Inc. and John Middleton Co. as part of 's smokeable products segment. Terms of the transaction were not disclosed.

has a terrific brand portfolio which complements 's existing smokeable product segment”

has a terrific brand portfolio which complements 's existing smokeable product segment,” said Marty Barrington, 's Chairman, Chief Executive Officer and President. “ will benefit from the retail distribution, brand management, and adult tobacco consumer engagement expertise of 's companies.”

“We welcome and its talented employees to the family of companies and look forward to swiftly executing our plans,” Barrington added.

was founded in 1930 as a family-owned and operated business. cigarettes are manufactured in Greensboro, North Carolina and are currently in limited distribution throughout the U.S. The company also operates a flagship store in New York City.

“We are excited to have our family's business join the family of companies,” said 's Executive Vice President, Bill Sherman. “We believe will be a great steward of the Sherman company and its brands.”

Altria's Profile

's wholly-owned subsidiaries include Philip Morris USA Inc., U.S. Smokeless Tobacco Company LLC, John Middleton Co., Nu Mark LLC, Ste. Michelle Wine Estates Ltd. and Philip Morris Capital Corporation. holds an equity investment in Anheuser-Busch InBev.

The brand portfolios of 's tobacco operating companies include Marlboro®, Black & Mild®, Copenhagen®, Skoal®, MarkTen® and Green Smoke®. Ste. Michelle produces and markets premium wines sold under various labels, including Chateau Ste. Michelle®, Columbia Crest®, 14 Hands® and Stag's Leap Wine Cellars™, and it imports and markets Antinori®, Champagne Nicolas Feuillatte™, Torres® and Villa Maria Estate™ products in the United States. Trademarks and service marks related to referenced in this release are the property of or its subsidiaries or are used with permission. More information about is available at .com and on the Investor app.