June 3 (UPI) -- The Altria Group is buying an 80 percent share in Swiss company Burger Sohne and will commercialize one of its smokeless tobacco products, the companies announced Monday.
Altria, which will pay $372 million for the acquisition, is the parent company of Philip Morris, the largest U.S. tobacco company. Altria said it will distribute Burger Sohne's smokeless oral pouch On, which is already sold in U.S. stores.