Liggett Group ( / ˈ l ɪ ɡ ɪ t / LIG -it ), formerly known as Liggett & Myers Tobacco Company , is the fourth largest tobacco company in the United States. As of 2014, Liggett Group was the fourth largest American tobacco company by gross revenue, though it was considerably smaller than the top three. Its headquarters are located in Durham, North Carolina , though its manufacturing facility is 30 miles to the west in Mebane, North Carolina . The company is a subsidiary of holding company Vector Group .
43-618: John Edmund Liggett's grandfather, Christopher Foulks, was the owner of a snuff mill in New Egypt, New Jersey . During the War of 1812 the mill was razed by British soldiers. Foulks moved west around 1820 and opened a new snuff shop in Belleville, Illinois , in 1822. In 1833 he moved his tobacco business to St. Louis, Missouri , where in 1844–1847 (dates uncertain) John Edmund Liggett entered his grandfather's business. By 1858, Foulks's company
86-574: A decade earlier. With a few exceptions, all manufacturing, commercial, and executive employees had long been based in and around Richmond. Currently the company is headquartered in an unincorporated area within Henrico County, less than five miles west of the city limits of Richmond and less than ten miles from its downtown Richmond campus. Aside from the Philip Morris/Altria headquarters, some of their other buildings included
129-550: A short era of competition between the new Marlboro smokeless tobacco products such as snus , and those produced by UST Inc. On December 8, 2018, Altria announced its intent to acquire a 45% stake in Cronos Group for $ 1.8 billion. On December 20, 2018, Altria finalized the acquisition of a 35% stake in JUUL Labs , an e-cigarette company based out of San Francisco, California, for $ 12.8 billion. On November 3, 2019, it
172-520: A warehouse and factory at Huntington, West Virginia . It was listed on the National Register of Historic Places in 1998. By 1921, cigarettes had become the most used form of tobacco. Continuing to innovate, in 1952, Liggett & Myers using Chesterfield became the first to offer cigarettes in two sizes: King and Regular. In 1953, L&M filter cigarettes were introduced. In 1963, Lark charcoal filter cigarettes were introduced. In 1968
215-647: Is headquartered in Henrico County, Virginia , just outside the city of Richmond . Altria is the parent company of Philip Morris USA , John Middleton, Inc. , U.S. Smokeless Tobacco Company , Inc., and Philip Morris Capital Corporation. Altria also maintains large minority stakes in Belgium-based brewer AB InBev and the Canadian cannabis company Cronos Group. It is a component of the S&P 500 and
258-662: Is immediately south of New Egypt. The 2010 United States census counted 2,512 people, 902 households, and 652 families in the CDP. The population density was 625.7 people per square mile (241.6 people/km ). There were 972 housing units at an average density of 242.1 units per square mile (93.5 units/km ). The racial makeup was 91.44% (2,297) White , 1.99% (50) Black or African American , 0.84% (21) Native American , 0.96% (24) Asian , 0.08% (2) Pacific Islander , 3.11% (78) from other races , and 1.59% (40) from two or more races. Hispanic or Latino of any race were 10.51% (264) of
301-512: Is it was a reference by George Washington in December 1776 after the victory at the Battle of Trenton . Joseph Curtis, Washington's secretary, was sent to the town to retrieve grain for the army, and upon his return from the area, Washington exclaimed, "Joseph has been to Egypt and gotten the corn." Having added 'New' sometime around 1845. Other references have that the town was originally given
344-994: Is on their farm located across the street from the New Egypt High School . The community has a volunteer fire station, a first aid station, and a police department. New Egypt is also home to the New Egypt Historical Society, a clay race track called the New Egypt Speedway , and the Plumsted Branch of the Ocean County Library system. The town also includes several Christian religious centers, Assumption Roman Catholic Church, Bethel AME Church, Accessed October 14, 2015.</ref> Church of Christ, Iglesia Ni Cristo, Kingdom Hall of Jehovah's Witnesses, New Egypt United Methodist Church, Plumsted Presbyterian Church,
387-686: The Altria Group . New Egypt, New Jersey New Egypt is an unincorporated community and census-designated place (CDP) located within Plumsted Township , in Ocean County , in the U.S. state of New Jersey . As of the 2010 United States Census , the CDP's population was 2,512. The community is located at the trijunction of Burlington County , Monmouth County and Ocean counties. There are several explanations for how New Egypt received its name. One possibility
430-518: The Union Transportation Trail . People who were born in, residents of, or otherwise closely associated with New Egypt include: Altria Group Altria Group, Inc. (previously known as Philip Morris Companies, Inc. ) is an American corporation and one of the world's largest producers and marketers of tobacco , cigarettes , and medical products in the treatment of illnesses caused by tobacco. It operates worldwide and
473-536: The board of directors of Altria Group as of February 2013 were: Prior to being based in Virginia, Philip Morris had its headquarters in Midtown Manhattan , New York City. In 2003, Philip Morris announced that it would move its headquarters to Virginia. The company said that it planned to keep around 750 employees in its former headquarters. Brendan McCormick, a spokesperson for Philip Morris, said that
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#1732787432284516-793: The Altria Center for Research and Technology in downtown Richmond, their manufacturing center in South Richmond, and the adjacent operations center which began shutting down in 2007–2008, as a result of the loss of demand from PMI member companies. The layoffs beginning in 2007 affected thousands of Altria, Altria Client Services, Philip Morris USA, and contracted employees in Richmond and North Carolina. In 2009, Altria finalized its purchase of UST Inc. , whose products included smokeless tobacco (made by U.S. Smokeless Tobacco Company ) and wine (made by Chateau Ste. Michelle ). This ended
559-570: The Christian Fellowship Church of New Egypt, and the Church of Jesus Christ of Latter-day Saints. Oakford Lake is located in the middle of the town. In the early 1900s the location thrived as a tourist and vacation attraction. New Egypt also has a recreation center which includes four baseball fields, a football field, two softball fields, and a basketball court and three small fields used for tee ball. McGuire Air Force Base
602-565: The On! brand) for $ 372 million in June 2019. Altria and Japan Tobacco announced a joint venture called Horizon Innovations LLC on October 27, 2022. Horizon, owned 75 percent by Altria and 25 percent by Japan Tobacco, intends to sell Ploom heated tobacco sticks in the United States. FDA approval was expected to take until 2025, with customers able to buy Ploom by 2027. Altria completed
645-584: The United States government between 1998 and 2004, the second-highest such figure for any organization in the nation. Altria also funded The Advancement of Sound Science Coalition which lobbied against the scientific consensus on anthropogenic climate change . Daniel Smith, representing Altria, sits on the Private Enterprise Board of the American Legislative Exchange Council . In August 2006,
688-545: The acquisition of NJOY Holdings, Inc. on June 1, 2023. For the fiscal year 2020, Altria reported earnings of US$ 4.45 billion, with an annual revenue of US$ 26.15 billion. Altria's shares traded at over $ 66 per share, and its market capitalization was valued at over US$ 118.5 billion in October 2018. As of 2018, the company ranked 154th on the Fortune 500 list of the largest United States corporations by revenue. Members of
731-421: The age of 18 living with them, 56.6% were married couples living together, 11.8% had a female householder with no husband present, and 27.2% were non-families. 21.1% of all households were made up of individuals, and 6.0% had someone living alone who was 65 years of age or older. The average household size was 2.76 and the average family size was 3.18. In New Egypt the population was spread out, with 28.1% under
774-528: The age of 18, 8.9% from 18 to 24, 33.4% from 25 to 44, 21.2% from 45 to 64, and 8.3% who were 65 years of age or older. The median age was 36 years. For every 100 females, there were 99.8 males. For every 100 females age 18 and over, there were 99.1 males. The median income for a household in New Egypt was $ 49,297, and the median income for a family was $ 50,833. Males had a median income of $ 38,156 versus $ 35,313 for females. The per capita income for New Egypt
817-421: The chemical form of nicotine delivered in mainstream cigarette smoke for the purpose of improving nicotine transfer efficiency and increasing the speed with which nicotine is absorbed by smokers." This was done by manipulating smoke pH with ammonia. Adding ammonia increases the smoke pH, in a process called "freebasing" which causes smokers to be "exposed to higher internal nicotine doses and become more addicted to
860-506: The company attempted unsuccessfully to take over the much larger R.J. Reynolds Tobacco Company . In 1996–1997, Liggett Group had become the first tobacco company to settle smoking-related litigation brought by the attorneys general of several states. In 1998 Liggett signed the tobacco litigation Master Settlement Agreement, and 1999 saw the formation of Vector Tobacco Inc. In 1999, Liggett Vector Brands Inc. sold L&M, Lark and Chesterfield brands to Philip Morris Companies Inc., now known as
903-525: The company changed its name to Liggett & Myers, Incorporated. In 1970, the Eve brand was launched in regular and menthol . The company again changed its name in 1976 to Liggett Group, Inc., with Liggett & Myers Tobacco Company as a division. In 1980, Eve 120's were launched nationally and the same year Liggett was acquired by Grand Metropolitan PLC. In 1981 Liggett introduces generic cigarette concept. Another name change took place in 1983, this time
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#1732787432284946-773: The company estimated that the move would save the company over $ 60 million each year. The company now has its head offices in an unincorporated area of Henrico County, Virginia , near Richmond. In addition, the company has a 450,000-square-foot, $ 350 million Center for Research and Technology located in downtown Richmond at the Virginia BioTechnology Research Park that employs approximately 600 scientists, engineers and support staff. Altria, like other tobacco companies, has invested in science and medical companies, which develop and produce medical products for conditions caused or aggravated by smoking. As of 2024, Altrias three medical subsidiaries included
989-535: The company had become the world's largest manufacturer of plug chewing tobacco. John E. Liggett died in 1897 and two years later Liggett & Myers was acquired by American Tobacco Company , controlled by James Buchanan Duke . George S. Myers died in 1910 and the following year the U.S. Court of Appeals issued a Dissolution Decree to the American Tobacco Company which created the opportunity for Liggett & Myers Tobacco Company to be reborn. It
1032-540: The company to improve its image and raise its profile without sacrificing tobacco profits. Philip Morris executives thought a name change would insulate the larger corporation and its other operating companies from the political pressures on tobacco. The rebranding took place amidst social, legal, and financially troubled circumstances. In 2003 Altria was ranked Fortune number 11, and has steadily declined since. In 2010 Altria Group (MO) ranked at Fortune number 137, whereas its former asset, Philip Morris International,
1075-547: The decision was reversed on appeal to the U.S. Supreme Court in the case Cipollone v. Liggett Group, Inc. In 1986, Bennett S. LeBow purchased Liggett from Grand Metropolitan . In 1987, Liggett's stock was offered publicly on the New York Stock Exchange. In 1988, Liggett introduced Pyramid cigarettes. In 1990 Liggett became a subsidiary of Brooke Group Ltd., a holding company owned by Mr. LeBow. In 1990, The Wall Street Journal acclaimed Pyramid as "one of
1118-399: The distinction of the approximate geographical center of New Jersey. Upon reading the estimate by Beck, a Christmas tree farmer used their own methods to approximate the geographic center of New Jersey to be on their farm. They have since placed a marker on the location they determined as the geographic center of New Jersey (Coordinates 40° 05’02” N Latitude 74° 32’ 01” W longitude). The marker
1161-510: The following: Cronos group (maker of recreational cannabis), Lexaria Bioscience (Developer of proprietary drug delivery technology, DehydraTECH, to improve active pharmaceutical ingredients entrance into the bloodstream) and Micreos (biotech company focused on discovering and developing recombinant proteins for chronic dermatology and oncology conditions). According to the Center for Public Integrity , Altria spent around $ 101 million on lobbying
1204-466: The head company becoming GrandMet USA with the tobacco company officially named Liggett Group Inc. In 1983, smoker Rose Cipollone filed a lawsuit against the Liggett Group and two other tobacco companies that produced the cigarettes she smoked. Cipollone died of lung cancer in 1984, but the trial continued. The Liggett Group was charged $ 400,000 in damages in a 1988 court decision, but in 1992
1247-403: The most successful cigarette introductions of the decade". In 1992, Eve and Lark were relaunched with new packaging and backed by large advertising and promotional campaigns. In 1993, Liggett developed its Control Label concept, offering customers exclusivity to market Control Brands owned by Liggett. By 1994 Liggett had expanded its Control Label family to a total of eight brands. In 1995–1996,
1290-646: The name "Egypt" in 1793 and "New Egypt" in 1801, the name is believed to be a biblical allusion about "going to Egypt for corn" that was plentiful in the area. Around 1890, the area was once known as Timmins Mill, a reference to the mill owner who owned most of the land in the area. According to the United States Census Bureau , the CDP had a total area of 4.071 square miles (10.54 km ), including 4.015 square miles (10.40 km ) of land and 0.056 square miles (0.15 km ) of water (1.38%). Author Henry Charlton Beck gave Timmins Mill
1333-474: The name is an "egregious example" of phonesthesia —with the company attempting to "switch its image from bad people who sell addictive carcinogens to a place or state marked by altruism and other lofty values". The company's branding consultants, the Wirthlin Group , said: "The name change alternative offers the possibility of masking the negatives associated with the tobacco business", thus enabling
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1376-442: The population were under the age of 18, 9.1% from 18 to 24, 26.7% from 25 to 44, 29.8% from 45 to 64, and 9.2% who were 65 years of age or older. The median age was 37.2 years. For every 100 females, the population had 103.4 males. For every 100 females ages 18 and older there were 99.5 males. As of the 2000 United States Census there were 2,519 people, 913 households, and 664 families residing in New Egypt. The population density
1419-416: The population. Of the 902 households, 34.8% had children under the age of 18; 52.9% were married couples living together; 13.2% had a female householder with no husband present and 27.7% were non-families. Of all households, 21.3% were made up of individuals and 7.1% had someone living alone who was 65 years of age or older. The average household size was 2.78 and the average family size was 3.21. 25.3% of
1462-513: The product." On March 30, 2007, Altria's 88.1% stake in Kraft Foods was spun off, through a distribution of the remaining stake of shares (88.1%) to Altria shareholders. That same year, Altria began selling all its shares of Philip Morris International to Altria stockholders, a spin-off that was completed on March 28, 2008. Again in 2007 the company began the acquisition of cigar manufacturer John Middleton Co. from Bradford Holdings, which
1505-503: Was $ 18,771. About 5.9% of families and 7.6% of the population were below the poverty line , including 7.8% of those under age 18 and 3.9% of those age 65 or over. NJ Transit provides bus service to Philadelphia on the 317 bus route. New Egypt was a major stop on the Pennsylvania Railroad 's Pemberton & Hightstown line ; it was abandoned in 1979. The former roadbed was converted in 2010 for rail trail use as
1548-448: Was 241.9 people/km (627 people/sq mi). There were 980 housing units at an average density of 94.1 units/km (244 units/sq mi). The racial makeup of New Egypt was 91.90% White , 2.18% African American , 0.28% Native American , 1.27% Asian , 2.74% from other races , and 1.63% from two or more races. Hispanic or Latino of any race were 6.19% of the population. There were 913 households, out of which 38.2% had children under
1591-515: Was a component of the Dow Jones Industrial Average from 1985 to 2008, dropping due to spin-offs of Kraft Foods Inc. in 2007 and Philip Morris International in 2008. Altria emerged from Philip Morris USA . The onset of " rebranding " of Philip Morris Companies to Altria took place in 2003 (Philip Morris would later split, with PM USA remaining Altria's primary and only consistently held asset). According to Altria, it
1634-625: Was complete in 2008. After Philip Morris International spun off, the former international subsidiaries halted the purchase of tobacco from America, which was a major factor in the closing of a newly renovated plant in North Carolina , an approximately 50% reduction in manufacturing, large-scale layoffs, and induced early retirements. In 2008, Altria officially moved its headquarters from New York City to Richmond, Virginia , after Philip Morris sold its downtown offices in New York City
1677-660: Was created because Philip Morris wished to emphasize that its business portfolio had come to consist of more than Philip Morris USA and Philip Morris International; at the time, it owned an 84% stake in Kraft, although that business has since been spun off . The name "Altria" is claimed to come from the Latin word for "high" and was part of a trend of companies rebranding to names that previously did not exist, Accenture (previously Andersen Consulting) and Verizon being notable examples, though linguist Steven Pinker suggests that in fact
1720-458: Was headquartered in St Louis again. Liggett & Myers continued to release new brands. In 1912, Chesterfield was reintroduced as a Turkish-Virginia blended cigarette and in 1915 Burley and Maryland tobaccos were added to Chesterfield blend. It was in 1916 that Chesterfield became the first cigarette to add a moisture-proof, overall cover to the paper and foil pack. In 1917, the company built
1763-418: Was known as J. E. Liggett and Brother. Around 1869 the company created the first blended cigarettes, using a mixture of Turkish and Virginia tobaccos. A partnership was formed with George Smith Myers of Missouri, and in 1873 The Liggett & Myers Tobacco Company was incorporated. In 1876, Liggett & Myers introduced L&M plug chewing tobacco, during the 1880s it entered the cigarette business and by 1885
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1806-433: Was ranked 94th. In 2006, a United States court found that Philip Morris "publicly ... disputed scientific findings linking smoking and disease knowing their assertions were false." In a 2006 ruling, a federal court found that Altria, along with R. J. Reynolds Tobacco, Lorillard and Philip Morris were found guilty of misleading the public about the dangers of smoking. Within this ruling, it was noted that "defendants altered
1849-525: Was reported that Altria was taking a $ 4.5 billion writedown on its stake in Juul, 35% of its original value. On July 28, 2022, it was reported that Altria's investment in Juul is now worth only 5% of the original amount of $ 12.8 billion. Despite the losses, Altria has announced that it will continue to support Juul and avoid investing in competing products. Altria is taking a stake in the global business of Swiss tobacco company Burger Söhne (Helix Innovations with
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