Altadis

{{Infobox company

| name = Altadis, S.A.

| logo = Altadis web.png

| logo_size =

| caption =

| type = Subsidiary

| traded_as =

| industry = Tobacco, logistics

| genre =

| fate = Acquired by Imperial Tobacco (2008)

| predecessor =

| successor =

| foundation = {{start date and age|1999}}

| founder =

| defunct =

| location =

| location_city = Madrid

| location_country = Spain

| locations =

| area_served = Worldwide

| key_people = Jean-Dominique Comolli (Chairman)
Robert Dyrbus (CEO)

| products =

| services =

| revenue = € 4.112 billion (2005)

| operating_income =

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| aum =

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| parent = Imperial Brands

| divisions =

| brands =

| subsid =

| footnotes =

| intl =

| homepage = {{URL|https://www.altadis.com/|altadis.com}}

}}

Altadis is a Spanish-French{{cite web | url= https://www.theguardian.com/business/2008/jun/20/imperialtobaccogroupbusiness.spain | title = Imperial cuts 2,500 from global workforce as it absorbs Altadis | access-date = 9 November 2020}} multinational purveyor and manufacturer of cigarettes, tobacco and cigars. It was formed via a 1999 merger between Tabacalera, the former Spanish tobacco monopoly and {{abbr|SEITA|Société d'exploitation industrielle des tabacs et des allumettes}}, the former French tobacco monopoly. Through its international holdings, including ownership of the former Consolidated Cigar Holdings and half ownership of the Cuban state tobacco monopoly, Habanos S.A., Altadis was the largest producer of mass market and premium cigars in the world, as well as the fourth largest producer of tobacco products.

The company was acquired by the British tobacco giant Imperial Tobacco (now Imperial Brands) in 2008, becoming a subsidiary of it.

Company history

=French and Spanish state monopolies=

In 1926, France concentrated its tobacco industry into a single state-run monopoly called SEIT ({{lang|fr|Service d'Exploitation industrielle des tabacs}}).[http://www.fundinguniverse.com/company-histories/Altadis-SA-Company-History.html "Altadis S.A.,"] FundingUniverse.com/ Retrieved February 19, 2011. The production of matches ({{lang|fr|allumettes}}) was added to the state monopoly's purview in 1935 and the company was renamed SEITA ({{lang|fr|Société d'exploitation industrielle des tabacs et des allumettes}}).

Following the end of World War II, Spain similarly established a state-owned tobacco monopoly called {{lang|es|Tabacalera, Sociedad Anonima, Compañia Gestora del Monopolio de Tabacos y Servicios Anejos}}, commonly known as Tabacalera.

Throughout the decades of the 1960s and 1970s, national markets were gradually opened up to the importation of foreign tobacco brands and the national tobacco monopolies of both France and Spain were weakened and gradually privatized, with SEITA employees losing status as civil servants in 1962 and the company losing both its monopoly of tobacco cultivation and tobacco sales by 1971.

=Acquisitions=

{{abbr|SEITA|Société d'exploitation industrielle des tabacs et des allumettes}} purchased Consolidated Cigar Holdings Inc. of Fort Lauderdale in the United States. Consolidated Cigar was a large purveyor of cigars such as the Dominican made editions of Romeo y Julieta and Montecristo.{{Cite web |last=M. Shanken Communications, Inc |title= The Two Billion Cigar Baron {{!}} Cigar Stars |work= CigarAficionado.com |access-date=2016-02-07 |url= http://www.cigaraficionado.com/webfeatures/show/id/The-Two-Billion-Cigar-Baron_8398}}

In August 2000, Consolidated Cigar and Havatampa, owned by Tabacalera, merged to form Altadis USA.{{cite news |title=Villazon cigar plant to roll up business |last=Parks |first=Kyle |work=St. Petersburg Times |date=November 22, 2000 |page=1E}}

In September 2000 Altadis purchased a 50% interest in the Cuban state tobacco monopoly, Habanos SA.{{cite news |title=Cuban Cigars Spark Suit: Firm Claims Unfair Trade Practices |last=Hemlock |first=Doreen |work=Sun-Sentinel |date=November 3, 2000}}

In 2003, Altadis acquired the internet seller 800-JR Cigar, Inc., one of the largest cigar retailers in the United States.

=2008 sale=

On 18 July 2007, the board of Altadis backed a €16.2 billion offer for the company by Imperial Tobacco (now Imperial Brands).Ben Bland and Ben Harrington, [https://web.archive.org/web/20080205065934/http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/18/bcnaltadis118a.xml "Imperial Secures Altadis with £11 Billion Bid,"] The Daily Telegraph, 18 July 2007. The acquisition was cleared by the Spanish stock market regulator on 7 November 2007, paving the way for the creation of the world's fourth largest tobacco company.[http://afp.google.com/article/ALeqM5iklT7D-P1vGjAAoBTX5aeWaSYxYQ Age "Spain's Stock Market Commission Okays Imperial Bid for Altadis,"] {{Webarchive|url=https://web.archive.org/web/20080206064351/http://afp.google.com/article/ALeqM5iklT7D-P1vGjAAoBTX5aeWaSYxYQ |date=2008-02-06 }} Agence France Press, 7 November 2007. The acquisition was completed on 25 February 2008 with the delisting of Altadis from the Bolsa de Madrid.[https://archive.today/20090219233603/http://www.forbes.com/markets/feeds/afx/2008/02/22/afx4685031.html "Altadis to be Delisted Feb. 25,"] AFX News, 22 February 2008.

=Sales=

Western Europe's third largest cigarette manufacturer, Altadis produced and sold blond, regular and dark cigarettes. Its major markets included the United States, Spain and France.

In 2004, Altadis Group economic sales rose 3.9% to euro 3.518 million with a staff of 27,500 people.

= Appointments =

In January 2019, Altadis announced new heads of sales and consumer marketing, in the face of Paul Waller and Brad Winstead.{{Cite web|url=https://cstoredecisions.com/2019/01/31/altadis-announces-executive-leadership-appointments/|title=Altadis Announces Executive Leadership Appointments|date=2019-01-31|website=CStore Decisions|language=en-US|access-date=2019-12-03}}