FinancialContent is the trusted provider of stock market information to the media industry.
May 06, 2011 at 16:06 PM EDT
Commonwealth Brands, Inc. and Altadis USA to Integrate Operations

BOWLING GREEN, Ky., May 6, 2011 /PRNewswire/ -- Commonwealth Brands, Inc. has announced that it will be integrating its sales and marketing operations with its Florida-based sister company, Altadis USA. This will allow the companies to provide their customers with greater sales coverage and more comprehensive services. The combined portfolio will incorporate cigarettes, fine cut tobacco, mass market cigars, pipe, papers and tubes. The premium cigar division of Altadis USA will remain as a separate entity.

In order to better service the combined business, Altadis USA's current offices in Fort Lauderdale will become the corporate center for the newly integrated company. As a result, the proposed Commonwealth Brands Corporate Office relocation to Nashville, TN will not take place.

The integration, between the two Company's sales and marketing functions, is expected to be completed within six months and the transition of all other departments to Fort Lauderdale within 12 months.

Commonwealth Brands, Inc. is the fourth largest tobacco manufacturer in the United States. Its cigarettes include Davidoff, Sonoma, Montclair and USA Gold, one of the nation's best selling brands.* Its portfolio of fine tobaccos consists of the Premier, McClintock, Rave and Bali Shag brands. The company also manufactures a range of tobacco related products, which include Premier, Rizla, and El Rey cigarette tubes and E-Z Wider and Joker cigarette papers. Commonwealth Brands, Inc. is based in Bowling Green, Kentucky, and employs over 900 people across 50 States. The Company is committed to it employees, its brands and its consumers.

*Source: Management Science Associates, Inc.

SOURCE Commonwealth Brands, Inc.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
   
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More