Denmark: Philip Morris International to acquire Fertin Pharma
Tobacco manufacturer Philip Morris International (PMI) has announced the acquisition of Fertin Pharma for DKK 5.1 billion (approximately USD 820 million). Fertin Pharma is a leading developer and manufacturer of innovative pharmaceutical and well-being products, specializing in the research, development and production of gums, pouches, liquefiable tablets, and other solid oral systems for the delivery […]
UK: Imperial Brands to sell Premium Cigar business for €1,225 million
Tobacco enterprise Imperial Brands has announced the sale of its worldwide premium cigar business to investment consortia of individual investors for €1,225 million. This deal will include the sale of hand-rolled Cuban cigars brands Cohiba and Montecristo, as well as 50% stake Cuba’s official exporter Habanos. According to sources, this disposal reinforces the company’s focus […]
USA: Altria buys 35% stake in e-cigarette firm Juul
Multinational tobacco firm Altria has announced it has paid $12.8 billion to acquire a 35% stake in e-cigarette company Juul. Announcing the purchase, Altria said the move would allow Juul the opportunity to reach adult smokers through prime retail shelf space, inserts in cigarette packs and an adult smoker database. It added that the service […]
Canada: Altria invests in cannabis firm
Altria, the multinational tobacco firm, has diversified into the cannabis sector with the acqusition of a 45% equity stake in Cronos Group for an aggregate investment of approximately USD $1.8 billion. Altria said the deal would leave it better positioned should cannabis become federally permitted in the US. Cronos Group is a vertically integrated cannabis company that operates […]
Japan: Japan Tobacco acquires Mighty Corp for $1 billion
Global cigarette manufacturer Japan Tobacco has announced that it is buying Mighty Corp, the number two cigarette company in the Philippines, for 46.8 billion PHP ($936 million). According to executive vice president of Japan Tobacco, Mutsuo Iwai, “This major acquisition in Southeast Asia adds to our recently announced full-scale entry into Indonesia, and will further enhance our […]
Indonesia: Japan Tobacco acquires Karyadibya Mahardhika
Global tobacco firm, Japan Tobacco has announced the acquisition of kretek cigarette company Karyadibya Mahardhika and its distributor for $677 million, in a deal that will see it buy 100% of the outstanding shares in the Indonesian firm. Japan Tobacco said the acquisition would “give the JT Group immediate scale and presence on a nationwide […]
UK: BAT to acquire Reynolds American Tobacco
BAT has announced the acquisition, through a subsidiary company, of the remaining 57.8% of Reynolds American Tobacco. The acquisition, which has been approved byh shareholders of both companies, is expected to be completed by the end of the month. On the day if completion, the company will start trading on the New York Stock Exchange […]
Germany: Philip Morris to construct facility for smokeless cigarettes
Philip Morris, the leading tobacco firm, has announced plans to construct a new facility in Germany for the manufacture of smoke-free cigarettes. The result of a €290 million ($323 million) investment, the new plant will manufacture the firm’s IQOS brand of tobacco steaks that “uses revolutionary technology that heats tobacco without burning it, giving you […]
Poland: Japan Tobacco International opens new plant
Japanese cigarette manufacturing company Japan Tobacco International has opened a new plant in Lodz, Poland, with an estimated investing amount of $200 million. According to Handel Extra, the new factory will employ up to 400 people, bringing Japan Tobacco International’s total workforce in Poland to 1,500. The new 70,000 sq m “technologically advanced manufacturing site” […]
UK: Philip Morris announces business restructure
Philip Morris, the tobacco giant is planning to restructure its business operations to phase out conventional cigarettes, focusing on less harmful alternatives such as electronic cigarettes and heated tobacco products, according to a report in the Times. The company is said to be planning to create a single multi-category business, integrating its cigarette, heated tobacco […]