in

The third largest tobacco company in the United States: Lorillard (LO)-delisting (1760)

Founded in 1760, Lorillard Inc. (NYSE:LO) is the oldest tobacco company in the United States. It was formerly known as Lorillard Tobacco Company. Headquartered in Greensboro, North Carolina, it has 2,900 employees and is the No. The three major tobacco companies have well-known cigarette brands including: Newport (Newport or Xingang), Kent (Wrigley or Jian brand cigarettes), True (true self), Maverick and Old Gold.

lorillard inc logo

Lorillard Tobacco Company Lorillard (LO):

Lorillard is the third largest cigarette manufacturer in the United States and the oldest tobacco manufacturer in the United States. Lorillard owns the star product Newport high-end cigarettes and five cigarette brands of menthol cigarettes Kent, True, Maverick and Old Gold, which are the best-selling menthol cigarette brands. Like RJR Tabacco, Lorrilard sold the company’s overseas brand operation rights in 1977 to focus on the US domestic market.

The Newport brand includes mint and non-mint series. This brand accounted for 85.4% of the company’s total sales in 2013. The company’s five major brands include 43 different product lines, separated by different prices, flavors, spices, lengths and packaging. . In 2013, the company shipped 39.9 billion cigarettes in the United States and American territories.

In 2012, Lorillard acquired the e-cigarette brand Blu. In 2013, it acquired the British e-cigarette manufacturer SKYCIG. In 2014, the company’s e-cigarette business sales were US$165 million.

In 2014, Lorillard and ReynoldsAmerican jointly announced that the latter would acquire Lorillard Inc through cash and stock. Including debt, the transaction was worth approximately US$27.4 billion.

On May 26, 2015, Lorillard and ReynoldsAmerican confirmed that the merger was approved, and the US tobacco market will become more concentrated after the merger.

On June 12, 2015, Lorillard stock was delisted. For information about LO, please refer to : https://www.thisyear.com/rai.html

Lorillard Tobacco Company Lorillard (LO):

Americans consume more than 280 billion cigarettes each year, and nearly 85% of them come from Altria , Reynolds and Lorillard. The cooperation of the latter two companies will challenge Altria’s leading position.

As the anti-tobacco situation in the United States has become more and more prosperous this year, sales of traditional cigarettes are expected to continue to be under pressure. At the same time, the market for new electronic cigarettes is not the same as tobacco.

Delisted!

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all Intels

China Concept Stock: China Life Insurance Company (LFC)

The world’s largest tissue manufacturer: Kimberly-Clark Corporation (KMB) (1872)