NORTH CAROLINA – General Tobacco announced they have completed the relocation of the corporate headquarters from Miami to Mayodan, North Carolina.
In addition, a payment was made to the Master Settlement Agreement (MSA) of more than $25 million dollars.
The deposit payment comes as part of its commitment to the multi-state agreement by tobacco companies setting forth strict guidelines for tobacco marketing and advertising. Including this payment, GT has contributed more than $415 million to the MSA since joining in 2004.
The company move will encompass the relocation of current warehousing and manufacturing facilities to Mayodan. With the delivery and installation of state-of-the-art equipment, GT will manufacture an entirely U.S. produced line of products.
“The entire General Tobacco team is excited about the corporate move. We have made not only a business but a personal commitment as well to Mayodan. And, the company continues to demonstrate through our voluntary payments and participation in the MSA our dedication to the youth of America,” said J. Ronald Denman, executive vice president and general counsel of General Tobacco. “Corporate responsibility is a key component of our company vision,” added Denman.
The MSA is a comprehensive accord formed in 1998 with the Attorneys General of 46 states and five territories that has fundamentally changed how tobacco is marketed, advertised and promoted. GT voluntarily joined the MSA in 2004 to support their mission of improving public health and reducing youth smoking. GT’s voluntary participation demonstrates the company’s commitment to fully comply with the marketing and advertising restrictions addressed in the MSA.