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MIAMI -- Florida cigarette manufacturer Vibo Corp. has joined the list of other tobacco companies that are part of the Master Settlement Agreement between the industry and attorneys general from 46 states.
Vibo -- which does business as General Tobacco and sells brands such as Bronco, GT One, Silver and Champion -- is among approximately 40 smaller manufacturers that have joined the settlement since the $246 billion agreement was struck with the largest tobacco companies in 1998.
The agreement requires participating companies to pay a portion of their sales to the states. Manufacturers also are bound by a variety of restrictions on the advertising, promotion and marketing of cigarettes, including bans on targeting youth, outdoor advertising and distribution of merchandise advertising a cigarette brand.
According to the release, Vibo was the largest tobacco product manufacturer remaining outside the MSA.