Altadis S.A. History

Eloy Gonzalo, 10
28010 Madrid

Telephone: 34 91 360 90 00
Fax: 34 91 360 91 00

Public Company
Incorporated:1926 as Service d'exploitation industrielle des tabacs and 1945 as Tabacalera Sociedad Anónima, Compañía Gestora del Monopolio de Tabacos y Servicios Anejos
Employees: 21,786
Sales:£6.68 billion (2003)
Stock Exchanges:Madrid Paris
Ticker Symbol:ALT
NAIC:312221 Cigarette Manufacturing; 312229 Other Tobacco Product Manufacturing; 424940 Tobacco and Tobacco Product Merchant Wholesalers

Company Perspectives:

With 20,000 employees and activities in nearly 35 countries, Altadis is a multicultural, internationally-orientated Group, generating more than a third of sales from foreign markets. Underpinned by a solid financial position, Altadis is pursuing a growth strategy based on acquisitions and international expansion in order to reinforce its leadership position and create value for its shareholders and employees.

Key Dates:

Estanco de Tabaco, the Spanish royal monopoly on tobacco, is established.
The French tobacco industry is nationalized by Louis XIV.
The French national tobacco monopoly is abolished during the Revolution.
The French state tobacco monopoly is re-established by Napoleon.
The cigarette is invented.
Management of the Spanish state tobacco monopoly is leased to Arrendataria de Tabacos.
Service d'Exploitation industrielle des tabacs (SEIT) is established as the government tobacco monopoly in France.
Production of matches (alumettes) is added to the French tobacco monopoly, which is renamed SEITA
Tabacalera, Sociedad Anonima, Compañia Gestora del Monopolio de Tabacos y Servicios Anejos is formed, and the Spanish government assumes control of the tobacco monopoly again.
SEITA's status is adjusted to that of a state-owned industrial/commercial concern.
The European Economic Community (EEC) eases import strictures on cigarettes and other products among member states.
SEITA employees are no longer considered civil servants.
SEITA is given monopoly over tobacco distribution in France.
SEITA loses monopoly on tobacco cultivation in France.
Foreign cigarette brands are given free access to French market.
SEITA loses monopoly on import of EEC-produced matches.
SEITA loses monopoly on tobacco importation and distribution; warning labels are required on French cigarette packs; cigarette advertising is banned in France.
Tabacalera is partially privatized when Spain joins the EEC. The company diversifies into food products.
Nearly all forms of tobacco advertising are banned in Spain.
After diversifying too quickly, Tabacalera divests most of its food brands; by 1996 the company divests all of its non-tobacco, non-distribution operations.
Tabacalera buys General Cigar Company.
SEITA, renamed Seita, is privatized.
Seita and Tabacalera merge to form Altadis; the company buys a controlling stake in the Cuban cigar monopoly Corporación Habanos and becomes the world leader in cigar production.
Altadis purchases 80 percent control of the Moroccan state tobacco monopoly.
Altadis acquires Etinera, the former logistics division of the onetime Italian state tobacco monopoly.

Company History:

Further Reading:

  • "Altadis to Make More Closures," World Tobacco 196, September 2003, p. 10.
  • Apted, Emma, "Altadis Sees Safety in Acquisitions," World Tobacco, March 2001, p. 23.
  • Brown, Jonathan, "Altadis Extends North African Presence," Duty-Free News International, July 1, 2003, p. 9.
  • "Bullish Opening in Pamplona," World Tobacco, May 2002, p. 28.
  • Campo, Silvia, "Altadis to Benefit from Restructuring," World Tobacco, March 2002, p. 26.
  • Campo, Silvia, "One Factory Replaces Three," World Tobacco, July 2002, p. 35.
  • "Cashing in on Africa's Smokers," Asia Africa Intelligence Wire, June 13, 2003.
  • Crawford, Leslie, "The Tobacco Group where Everything Rolls out Two-by-Two," Financial Times, December 21, 2000, p. 28.
  • "Cuban Cigar Production Drops as World Demand Slumps," Cuba News, November 2000, p. 3.
  • Du Bois, Peter C., "A U.K. Analyst is Bullish on Spain," Barron's, July 3, 1989, p. 36.
  • Fitere, Anne-Laurence, "Riche, Vieille, et Jolie," L'Expansion, January 6, 1994, p. 82.
  • Fortson, Danny, "Altadis Smokes Rivals in Morocco Auction," Daily Deal, June 3, 2003, n.p.
  • Haggman, Matthew, "Cigar Giant Fights Counterfeit Smokes," Miami Daily Business Review 78, no. 47, August 15, 2003, p. A1.
  • Iskander, Samer, "Altadis to Buy Back 5% of Its Shares," Financial Times, December 6, 1999, p. 26.
  • Kaupp, Katia D., "Chique et Choc Chez S.E.I.T.A.," Le Nouvel Observateur, April 1984, p. 65.
  • "Merger between SEITA and Tabacalera Cleared," European Report, December 8, 1999.
  • Mulligan, Mark, "Altadis Profits Hit by Slower French Sales," Financial Times, September 1, 2004, p. 24.
  • Phalon, Richard, "Smoke Rings," Forbes, August 28, 1995, p. 92.
  • "Prête pour une Guerre des Prix," La Vie Française, May 24, 1997, p. 29.
  • "Rich Raise Count of Montecristos," Sunday Business (London), November 26, 2000, p. C7.
  • Ridgway, Laurence, "Altadis Shares Down on Acquisition News," World Tobacco, July 2003, p. 8.
  • Rigsby, G.G., "Job Cuts Planned in Hav-A-Tampa Merger," Business Journal (Tampa, Fla.), June 23, 2000, p. 3.
  • "RJR Nabisco Buys Full Stake in Spain's Royal Brands," Reuter Business Report, May 9, 1994.
  • Routier, Airy, "Seita: Cap sur la Distribution," L'Expansion, December 21, 1989, p. 70.
  • Schwimmer, Anne, "Spanish Issues Expected," Pensions & Investments, October 28, 1991, p. 38.
  • "Seita: Profil," Fusions et Acquisitions, April 1996, p. 4.
  • Selva, Meera, "Spanish Tobacco Firm Favourite to Gain Cigarette Maker," Sunday Business (London), September 22, 2002.
  • Simpson, David, "Gauloises: To Oxford and the Middle East," Tobacco Control, June 2001, p. 92.
  • "Smoke in Your Eyes," Economist, October 9, 1999, p. 83.
  • "Spain: A Striking Protest," World Tobacco, November 2003, p. 5.
  • "Tabac: une Taxe Speciale Seita," Le Nouvel Observateur, December 4, 1997, p. 92.
  • "Tabacalera, Selling Stakes in Food Firms, Focuses on Tobacco," Wall Street Journal, September 20, 1996, p. B5C.
  • Torres Mulas, R. & D. Hortas, Tabacalera: 350 Años Despues, Madrid: Tabacalera, 1987.
  • "Ups and Downs in Euroland's Cigarettes," Tobacco Europe, March-April 2002, p. 6.
  • Welling, Kathryn M., "Ahead of the Herd," Barron's, February 13, 1995, p. 22.
  • Wherry, Rob, "Merger Mentality," Forbes Global, April 14, 2003, p. 946.
  • White, David, "Tobacco Partners in Cuban Cigar Deal," Financial Times, December 10, 1999, p. 29.

Source: International Directory of Company Histories, Vol.72. St. James Press, 2005.