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British tobacco company expands business in U.S. market  

British company Imperial Tobacco Group PLC successfully plugged a giant gap in its global business, entering the U.S. cigarette market with its acquisition of Commonwealth Brands in a $1.9 billion (€1.4 billion) deal completed this week.

The deal allows Imperial, one of the world's biggest tobacco companies, to inherit the fourth-largest cigarette producer in the United States. Kentucky-based Commonwealth Brands, maker of discount brands USA Gold and Sonoma, has an estimated 3.7 percent of the $376 billion (€282 billion) U.S. market.

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