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John MiddletonJohn Middleton (Middleton) manufactures and markets machine-made large cigars and pipe tobacco. Middleton's role is to responsibly manufacture and market John Middleton brands to adult tobacco consumers in a financially disciplined way. Middleton was founded in 1856. It operates two manufacturing facilities in King of Prussia and Limerick, Pennsylvania. John Middleton Select BrandsThe Black & Mild brand is the second-largest selling machine-made large cigar in the U.S., with a retail market share of approximately 27%, and the Black & Mild five-cigar pack is the best-selling large machine-made cigar package in the U.S., according to data from Information Resources, Inc.* Its other brands in the pipe tobacco category are:
Performance and Financial Strength**Middleton delivered strong income, volume and retail share results in 2008 as it benefited from PM USA’s sales expertise and infrastructure. Middleton reported net revenues of $387 million for full year 2008. Revenues net of excise taxes were $326 million in 2008. Middleton’s reported 2008 operating companies income was $164 million, which included charges of $18 million for integration costs.
Middleton’s 2008 cigar shipment volume grew 6.2% versus the prior-year period to 1.3 billion units.
Middleton achieved a 29.1% retail share of the machine-made large cigar segment in 2008, up 2.5 share points versus the prior-year period[1]. Middleton’s share results were driven byBlack & Mild, which increased its 2008 retail share by 2.8 share points versus the prior-year period to 28.3%.
Altria acquired Middleton in December 2007 and Middleton’s financial results from December 12, 2007 to December 31, 2007 have been included in Altria’s consolidated 2007 results. Middleton reported net revenues of $15 million and operating companies income of $7 million during that time period. [1]Retail share performance is based on the 52-week and 12-week periods ending December 21, 2008 from the IRI Cigar Database for Food, Drug, Mass Merchandise and Convenience trade classes, which tracks cigar market share performance. *IRI Total U.S. FDMC Syndicated Reviews Database **Altria Group has revised its reporting segments to reflect the PMI spin-off and the December 2007 acquisition of John Middleton. Altria Group's reporting segments are Cigarettes and Other Tobacco Products, manufactured and sold by Philip Morris USA; Cigars, manufactured and sold by John Middleton; and Financial Services, provided by Philip Morris Capital Corporation.
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Contact InformationJohn Middleton Related InformationOn Altria.com: John Middleton Web Resources: |
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