Altria Group, Inc. has acquired Sherman Group Holdings. The deal includes all Nat Sherman offerings, including Timeless, Metropolitan, and more. Terms of the deal have not been disclosed, however Altria officials say there are no plans to move Nat Sherman’s headquarters out of New Jersey.
Altria is best known for its subsidiary, Philip Morris USA, which makes Marlboro cigarettes. Other brands under the Altria umbrella include Black & Mild, Copenhagen, and Skoal.