American Industry Overview: Chewing and Smoking Tobacco and Snuff
By the late 2000s, 6.2 million Americans were using smokeless tobacco products, and sales were growing an average of 7 percent a year. More than half the U.S. market belonged to UST (United States Tobacco), which was purchased in 2009 by Altria Group, the largest cigarette maker in the world and owner of Philip Morris USA, for $10.3 billion. Second in the industry was Conwood Company, a subsidiary of Reynolds America. Companies that competed for a smaller share of the market included Swisher International, Swedish Match North America Inc., and North...