UST Inc. was a

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

, the biggest producer of snuff and chewing tobacco, whose subsidiaries included

U.S. Smokeless Tobacco Company U.S. Smokeless Tobacco Company (formerly United States Tobacco Company) manufactures smokeless tobacco products, notably dipping tobacco, but also chewing tobacco, snus, and dry snuff and is a subsidiary of Altria. Its corporate headquarters a ...

and International Wine & Spirits Ltd., which in turn is a holding company of

Chateau Ste. Michelle Chateau Ste. Michelle is Washington State's oldest winery, located in Woodinville, Washington, near Seattle. It produces Chardonnay, Cabernet, Merlot, and Riesling, and has winemaking partnerships with two vintners: Col Solare is an alliance with ...

Wine Estates, a

vintner A winemaker or vintner is a person engaged in winemaking. They are generally employed by wineries or wine companies, where their work includes: *Cooperating with viticulturists *Monitoring the maturity of grapes to ensure their quality and to dete ...

of premium

wine Wine is an alcoholic drink typically made from fermented grapes. Yeast consumes the sugar in the grapes and converts it to ethanol and carbon dioxide, releasing heat in the process. Different varieties of grapes and strains of yeasts are m ...

s. On January 6, 2009, UST Inc. was purchased by

Altria Altria Group, Inc. (previously known as Philip Morris Companies, Inc.) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes and related products. It operates worldwide and is headquartered in ...

History

United States Tobacco Co. existed before the American Tobacco Co. acquisition. UST was founded as the United States Tobacco Co. in 1911, Richmond, Va., after the

US Supreme Court The Supreme Court of the United States (SCOTUS) is the highest court in the federal judiciary of the United States. It has ultimate appellate jurisdiction over all U.S. federal court cases, and over state court cases that involve a point of ...

dissolved the

American Tobacco Company The American Tobacco Company was a tobacco company founded in 1890 by J. B. Duke through a merger between a number of U.S. tobacco manufacturers including Allen and Ginter and Goodwin & Company. The company was one of the original 12 members of ...

trust as a monopoly and in violation of the Sherman Anti-Trust Act of 1890. Weyman-Bruton Company incorporates in 1911, acquires the United States Tobacco Company in 1921 and becomes the United States Tobacco Company in 1922, relocates from New York City to Greenwich, Connecticut in 1970, later creating the holding company in 1986. The company is incorporated in

Delaware Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Del ...

, and in the fall of 2006 announced it would move its headquarters from

Greenwich Greenwich ( , ,) is a town in south-east London, England, within the ceremonial county of Greater London. It is situated east-southeast of Charing Cross. Greenwich is notable for its maritime history and for giving its name to the Greenwich ...

Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its cap ...

to Stamford,

. It operated a video company Cabin Fever Entertainment, which was in existence for ten years from 1988 to 1998, as well as a video branch Razzmatazz Entertainment, which was in operation from 1996 to 1998 mostly to release kids videos. In 1998, both video subsidiaries were folded into Hallmark Home Entertainment. In 2005, UST was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President

George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...

. UST reported having an average of 5,111 employees in 2005. That year, UST had a $534 million profit on sales of $1.85 billion. On November 2, 2006, UST promoted president and

chief operating officer A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the "C-suite". The COO is usually the second-in-command at the firm, especially if t ...

Murray S. Kessler to

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

effective January 1, 2007. Vincent Gierer Jr., who had been CEO since 1993, remained

chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

of the board of directors. UST manufactures smokeless tobacco in

Nashville Nashville is the capital city of the U.S. state of Tennessee and the seat of Davidson County. With a population of 689,447 at the 2020 U.S. census, Nashville is the most populous city in the state, 21st most-populous city in the U.S., and the ...

Tennessee Tennessee ( , ), officially the State of Tennessee, is a landlocked state in the Southeastern region of the United States. Tennessee is the 36th-largest by area and the 15th-most populous of the 50 states. It is bordered by Kentucky to th ...

;

Hopkinsville Hopkinsville is a home rule-class city in and the county seat of Christian County, Kentucky, United States. The population at the 2010 census was 31,577. History Early years The area of present-day Hopkinsville was initially claimed in 1796 b ...

Kentucky Kentucky ( , ), officially the Commonwealth of Kentucky, is a state in the Southeastern region of the United States and one of the states of the Upper South. It borders Illinois, Indiana, and Ohio to the north; West Virginia and Virginia to ...

; and Franklin Park,

Illinois Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolita ...

. It also owns

vineyards A vineyard (; also ) is a plantation of grape-bearing vines, grown mainly for winemaking, but also raisins, table grapes and non-alcoholic grape juice. The science, practice and study of vineyard production is known as viticulture. Vineyards ...

Washington Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered o ...

state and

California California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...

. UST held 62.4 percent of the smokeless tobacco market as of the third quarter of 2006, according to an Oct. 26, 2006 report by Morningstar. UST's primary competitors include the

American Snuff Company The American Snuff Company, formerly Conwood Sales Company LLC, is a US tobacco manufacturing company that makes a variety of smokeless tobacco products, including dipping tobacco or moist snuff, chewing tobacco in the forms of loose-leaf, plug, ...

subsidiary of

Reynolds American Reynolds American, Inc. is an American tobacco company which is a subsidiary of British American Tobacco and is the second-largest tobacco company in the United States. Its holdings include R. J. Reynolds Tobacco Company, American Snuff Company ...

, and

Swedish Match Swedish Match AB is a Swedish multinational tobacco company headquartered in Stockholm. The company manufactures snus, nicotine pouches, moist snuff, tobacco- and nicotine-free pouch products, chewing tobacco, chew bags, tobacco bits, cigars, ...

. Effective January 6, 2009,

acquired all outstanding shares of UST Inc. (UST), shareholders of UST are entitled to receive $69.50 in cash without interest and less any applicable withholding tax, for each share of common stock held at the effective time of the merger.

References

{{Reflist Tobacco companies of the United States Holding companies of the United States Holding companies established in 1986 2009 mergers and acquisitions Companies based in Stamford, Connecticut Altria Group subsidiaries